18 Sep 2018 --- Cargill has reached an agreement to acquire Polish food company Konspol, signaling the introduction of its global protein business into the Polish market and strengthening the company’s poultry footprint. The move expands operations in this space to 14 countries.
Under the agreement, Cargill will purchase the Polish assets of Konspol’s food and fresh chicken business. Konspol provides a range of products in the chilled convenience, frozen and cold cut categories.
Cargill will also acquire Konspol’s portfolio of products, including branded and private label offerings, as well as its customer and supplier relationships.
“Konspol’s commitment to high-quality food and passion for innovation is the perfect fit for Cargill’s Global Poultry business. This acquisition allows us to better serve our customers through a diversified portfolio of value-added products,” says Chris Langholz, President of Cargill Global Poultry.
“Konspol is a strong and established fresh chicken and value-added food company whose products are the preferred choice across Poland.”
Cargill wants to develop the business and Konspol already has more than 1,700 employees in Poland and operates a feed mill, five broiler farms and two processing complexes. The acquisition will increase Cargill’s production capacity and proximity to existing customers to offer expanded value-added and poultry products.
“Cargill is a company with huge accomplishments and a global reach. It is also a family-owned company that shares our values,” explains Konspol Founder Kazimierz Pazgan. “I am certain this is the best guarantee of a future for Konspol, a company I have expanded with my family for almost 40 years.”
Currently, Cargill employs more than 1,700 people in 22 locations across Poland and operates 19 animal feed mills, a premix oriented facility, a wheat glucose syrup and ethanol production plant.
No financial details have been revealed and the deal is subject to regulatory approvals.
To contact our editorial team please email us at email@example.com