FRANCE – French poultry processing leader LDC is set to acquire the Konspol Poland brand and its factory from agri-food giant Cargill.
Although financial terms of these acquisition were not disclosed, the transaction marks a significant expansion for LDC’s presence in Poland.
With this acquisition, LDC’s Polish subsidiary, Drosed Group, is poised to enter the ready-meals market.
The Nowy Sącz plant will produce a variety of breaded products, burgers, sandwiches, tortillas, and gyozas, among other items.
LDC emphasized that this deal will bolster Drosed Group’s production capabilities, leveraging a modern facility managed by a skilled and experienced team.
The facility, which is situated in Nowy Sącz in southern Poland, achieved a consolidated turnover of €35 million (US$38M) in 2023, as reported by LDC.
Approximately 600 employees currently work at the plant, all of whom will be retained under the new ownership.
The completion of the acquisition is anticipated by the end of the year. Cargill had originally acquired Konspol in 2018.
Drosed Group, which employs around 3,500 people and operates six plants across Poland, reported sales of approximately €370 million last year.
The company’s prominent brands include Drosed, Podlaski, Zagrodowy, and Drop.
This acquisition aligns with LDC’s broader strategy, as the company is also in exclusive negotiations to purchase Pierre Martinet, a local producer of salads and tabbouleh.
The finalization of this deal is expected by the last quarter of 2024, although financial specifics also remain undisclosed.
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