Thai Meat Group Takes 33% Stake in Polish Poultry Company
Thai meat group Charoen Pokphand Foods has agreed to acquire a 33% stake in SuperDrob, the Polish poultry business, for €49.5 million. SuperDrob sells half of its products abroad (to Great Britain, France, Germany and other EU countries as well as China). It has been in the market for 23 years. Its main products include fresh poultry meat, processed pre-seasoned and flavored poultry, as well as sausages and ham under its own brand. It currently operates six subsidiaries and employs over 2,000 people. The main processing plants are located in Karczew and Lódź.
Jarosław Kowalewski, vice president of SuperDrob, comments: “The co-operation between SuperDrob and CPF is a great opportunity for our company. We can increase production capacities, thanks to which we will be able to offer new generation products in a wider market. We will extend the range of products and we will integrate production and logistic processes. We believe that as a result of these changes, our products will become attractive for a wider group of consumers. We also hope to actively participate in the consolidation of the meat and feed market in Poland.”
Adirek Sripratak, president and chief executive of CPF.
Adirek Sripratak, president and chief executive of CPF, says the acquisition will mark the first step of CPF in poultry operations in a European country. Poland is considering as a leading country in exporting poultry into the European market. The country has a vast resources and potential with low cost of production.
Charoen Pokphand Foods is one of the leading producers, processors and exporters of meat in South-East Asia and one of the world’s leading manufacturer of animal feed. Headquartered in Thailand, the company also has business operations in Belgium, Cambodia, China, India, Laos, Malaysia, the Philippines, Russia, Sri Lanka, Turkey, Taiwan, the United Kingdom and Vietnam. Tracing its roots to 1921 in Thailand, today CPF has investments and operations in 14 countries and sells its products in over 30 countries worldwide with annual turnover of US$14 billion.
