MHP, the largest poultry company in the Ukraine, has completed its acquisition of the majority stake of Perutnina Ptuj, the largest poultry company in Slovenia.
According to a press release from MHP, issued on February 21, MHP now holds more than a 90 percent interest in the company. The final consideration amount is a subject to completion of audited results of Perutnina Ptuj’s due diligence for the year ending December 31, 2018. MHP had first announced its ambitions for such a transaction in September 2018.
After agreeing the deal, the MHP reaffirmed a commitment to:
- Maintain and improve on highest national and international quality standards
- Protect and grow jobs
- Under the existing business model, expand the production and development of products and recognizable brands.
“We are pleased to conclude this deal and put into action our ambitious plans, which will bring direct benefits to employees, farmers, local communities and the wider regional poultry industry,” said MHP CEO Yuriy Kosyuk.
““We are certain that Perutnina Ptuj will have a bright future as part of this exciting partnership. By merging the strong management expertise at both companies and investing in new facilities and technology, we are confident we can boost the development of production sites, deepen cooperation with local partners and strengthen sales of Perutnina Ptuj products and brands, building on its popularity in important markets. This partnership confirms MHP as Europe’s fastest-growing poultry producer and represents a major strategic step in making the company a significant player in the global poultry business.”
Enver Šišić, president of Perutnina Ptuj Management, said: “With the acquisition of Perutnina Ptuj by the MHP, our company will be finally able to release all its internal potentials that have been accumulated in the company for many years. With the help of the new strategic owner, with the enthusiasm of our employees, with the commitment of our farmers, with the loyalty of our consumers, our company will surely go beyond the regional dimension. We will enter the space that we have long dreamed of.“
This is the first acquisition of its kind in Europe for MHP, and the company added that it is currently considering other partnerships around the world.
