Cherkizovo to acquire Altaisky Broiler
With this acquisition, Cherkizovo would strengthen its position in the poultry market and increase its share among domestic poultry producers to 12%. Furthermore, Cherkizovo will be able to "considerably expand its business footprint, open up access to the Siberian market, and add one of the strongest and most popular local brands to the Group's portfolio."
According to local media, the deal is valued at 10 billion rubles ($159.8 million). Still, the company has not disclosed any financial details. Meanwhile, a representative of the group told Kommersant that the transaction can be closed within a month after the due diligence.
Altaisky Broiler is the most important producer of poultry in the Altai Territory and is among the largest poultry producing companies in the Siberian Federal District.
The company supplies frozen and chilled whole chickens, chicken meat, and by-products.
The capacity of the company's poultry farms is enough to supply the entire Altai Territory and neighboring regions with quality chicken meat.
In 2017, the Siberian-based company produced 67 thousand tons (live weight) of poultry products. Altaisky Broiler's poultry production facility is comprised by a hatchery, a feed mill, four fattening sites located in the Zonalny District of the Altai Territory, a slaughterhouse, and a meat packing plant in Biysk.
As stated in Cherkizovo's press release, Altaisky Broiler's chickens are raised on a well-balanced diet of compound feeds produced in-house. Altaisky Broiler offers around 100 SKUs of chilled and frozen poultry products sold through the largest local and federal retail chains and convenience stores in the Siberian Federal District.
According to Rosptitsesoyuz, which is owned by Cherkizovo, in 2017 the group produced 653.6 thousand tons of poultry meat in live weight, including 615 thousand tons of broiler meat and 38 thousand tons of turkey. Cherkizovo estimates its own share in the broiler market at 11%. The group's revenue in the first quarter of 2018 increased by 4.6%, to 21.9 billion rubles ($349.9 million). Net profit increased by 55%, to 2.9 billion rubles ($46.3 billion), as reported by Kommersant.
Photo source: Flickr/Tuerkis Doerky
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