Plukon Food Group has acquired 51% of the shares of J.A. ter Maten Holding. Terms of the agreement were not disclosed.
Plukon, according to the WATTPoultry.com Top Poultry Companies survey, is the largest poultry producer in the Netherlands, the fourth largest in Europe and the 19th largest in the world.
In addition, Plukon is a major producer of fresh meals, ready-to-heat and ready-to-eat, and meal components. The company was founded in 1894 and now operates in six European countries.
Ter Maten, founded in 1978, is a family business specializing in processing poultry raw materials into high-quality products for further processing into food or pet food products. Ter Maten has two production facilities. One is in Bunschoten, the Netherlands, while the other, which is a smaller production site, is in Brecht, Belgium.
In addition to its sales within Europe, ter Maten is a strong and experienced player in export outside Europe, with a global reach. Ter Maten's activities are a reinforcement of the activities undertaken by Plukon, the companies announced in a press release.
The transaction aligns with Plukon's ambition to further strengthen its European market position in the poultry processing value chain. The cooperation between ter Maten and Plukon, which dates back to its founding by Jan ter Maten, safeguards the culture, continuity and strong growth plans of the family business in a rapidly changing world.
Directors of ter Maten, Wouter and Willem ter Maten, issued the following statement: "As directors, we were already very satisfied with the cooperation with Plukon. A company with a high degree of professionalism and values that we share. Together with Plukon, we are convinced that, as management, we will be able to implement our expansion plans in full because we have thus secured part of our raw material supply. This step will not affect existing suppliers."
Plukon CEO Peter Poortinga added: "We are delighted with the transaction with the ter Maten family and thus with the strengthening of the long-term cooperation between the two companies. Both Plukon and Ter Maten stand for supplying high-quality poultry products, where high quality and delivery reliability are the basis. We look forward to working with Willem and Wouter ter Maten to realize our growth ambitions in the coming years."
The acquisition of 51% of ter Maten follows three acquisitions made by Plukon Food Group in 2020, which include Cuparius Food Group, which supplies chicken products for the foodservice sector; VMR, a Spanish poultry integrator; and a majority stake in Optibrut, a German hatchery company.
