POLAND – Polish pork giant Gobarto has formally submitted plans to the Office of Competition and Consumer Protection (UOKIK) to acquire local pork and poultry manufacturer Albo.
According to Gobarto, the proposed acquisition, initially announced on the Warsaw Stock Exchange in January, is part of strategic move to expand its capital group activities, incorporating a wholesaler of cold meats, poultry, and processed products in central Poland.
While the financial details of the deal have not been disclosed, Gobarto aims to acquire 100% of Albo.
In a stock-exchange filing, Gobarto outlined its intention to pay 17 million zlotys (US$4.2 million) for Albo, with the possibility of a downward adjustment based on Albo’s financial performance.
Upon completion of the transaction, Gobarto’s expanded activities will position it as a key player in the wholesale market for cold meats and poultry in central Poland.
Albo, based in Radom, specializes in pork and poultry cutting and distributes its products in several regions, including Masovian, Świętokrzyskie, Łódź, and Podkarpackie.
Founded in 1991, Albo is currently owned by the Multifood Group and markets products under the Swojcy and Tradyeja brands.
Gobarto, a subsidiary of Cedrob Spółka Akcyjna since 2014, is part of the Cedrob capital group, holding 91.06% of Gobarto shares.
Gobarto, with over 30 businesses in the farming and food industries, employs approximately 1,500 people.
The company sells its products both domestically and internationally, reaching markets in Europe, Asia, South America, North America, and Africa.
In addition to its core focus on pork, poultry, and game production and distribution, Gobarto is actively involved in grain crops and plant production, diversifying its portfolio within the food industry.
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