Russia

Cherkizovo buys Altaisky Broiler for $69 million

Mergers & Acquisitions

Russia's largest vertically integrated meat producer Cherkizovo Group has closed the deal to acquire the poultry producer Altaisky Broiler from Prioskolie agroholding for an estimated RUB 4.6 billion ($69 million).

Posted on Dec 17 ,08:09

Cherkizovo buys Altaisky Broiler for $69 million

"Cherkizovo continues the process of consolidation of the poultry industry. This acquisition is fully consistent with the Group's development strategy. Siberia is an important region for us, our plans include active expansion and access to the largest cities of the Siberian District," said Igor Babayev, the founder of the Cherkizovo Group.

Over the next two to three years, Cherkizovo intends to increase the production capacity of the poultry factory in the Altai Territory from almost 60,000 to 100,000 tons of poultry meat per year. In addition, in the future, Cherkizovo does not exclude access to other traditional markets for the group.

Altaisky Broiler consists of a hatchery, a feed mill, four feedlots, a slaughterhouse and a poultry processing plant.

The Group intends to develop its own distribution system in the Siberian Federal District. Cherkizovo will continue to produce products under the Altaisky Broiler brand, and in the future may launch production of other poultry meat brands. It is also planned to increase the supply of meat processing products to Siberia.

 NEWSLETTER - Stay informed with the latest news!

Comments





Similar articles

SCOTLAND

QMS continues efforts to engage Westminster and Holyrood on the importance of Scotland’s red meat supply chain

Following its successful showcase of the Scotch Beef, Scotch Lamb, and Specially Selected Pork br...


Read more Read more
WALES

HCC: Reducing calving intervals will save cash and boost productivity

The average calving interval for beef dams in Wales was 420 days in 2024, according to the l...


Read more Read more
INTERNATIONAL

How Ammeraal Beltech's uni DTB revolutionised production at Dovecote Park

Dovecote Park, a family-owned business renowned for producing premium British beef, veal, and ven...


Read more Read more
Websolutions by Angular Software and SpiderClass