The SuperDrob Group has reached an agreement with fellow Polish poultry company Indykpol Captial Group to purchase a poultry plant and hatchery.
On December 20, SuperDrob, announced that a preliminary agreement has been reached in which it would acquire the chicken processing facility in in Lublin and a chicken hatchery in Turka.
"The purchase of a chicken slaughter plant and hatchery allows us to increase production capacity, thanks to which we will be able to offer more products on the wider market. This is the implementation of the announced plans of the SuperDrob Capital Group. We are strengthening the production structure and we are still observing the market in terms of possible acquisitions," said Jarosław Kowalewski, vice president of SuperDrob strategy.
Piotr Kulikowski, president of Indykpol, stated: "Our chicken production complex has undergone a thorough modernization over the past years and today, thanks to committed employees, good cooperators and breeders, and modern infrastructure, it has an excellent future, especially within an organization with global capabilities and focused on chicken. This transaction is for us one of the key elements of implementing our strategy."
The terms of the proposed transaction were not disclosed.
Indykpol Capital Group, according to the WATTAgNet Top Poultry Companies Database, is the largest Polish organization of poultry companies specializing in turkey breeding and growing. Its key product categories include turkey, chicken and geese, as well as turkey hatching eggs and poults.
SuperDrob supplies poultry meat products to leading supermarkets and fast-food chains throughout the European Union. In January, Thailand-based Charoen Pokphand Foods Plc. (CPF) reached a cooperation agreement with SuperDrob to acquire a 33 percent share in the company at a cost of EUR49.5 million (US$51.9 million). That agreement marked CPF’s first step into poultry production in Europe. CPF is the sixth largest poultry company in the world, having slaughtered 685 million head in 2016.