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Sunday, June 23, 2024

LDC plans to buy Konspol from Cargill

France-based LDC is taking steps to additional its presence in Poland, because it has reached an settlement to buy the Konspol model from Cargill, in addition to the Konspol plant within the metropolis of Nowy Sącz.

LDC describes the deliberate acquisition as one that’s per the corporate’s worldwide growth technique, and would give it a robust presence within the prepared meals phase. The transaction is anticipated to be finalized by the top of 2024.

Whereas the phrases of the deal haven’t been disclosed, LDC acknowledged that the Nowy Sącz plant achieved a consolidated turnover of EUR35 million (US$37.66 million) in 2023.

In late 2023, LDC introduced different potential progress in Poland, because it was in talks to accumulate Poland-based turkey firm Indykpol. In line with LDC’s most up-to-date annual report, the acquisition is at the moment being thought of by the European competitors authority, with a determination anticipated to come back inside the subsequent a number of months.

Cargill has owned Konspol since 2018. At the time, it was Cargill’s entry into the Polish protein market.

LDC, which is concerned within the broiler, turkey, duck and desk egg market, is the biggest broiler producer in France, the third largest in Europe and the 18th largest on this planet. Cargill ranks because the 12th largest broiler producer on this planet, and its Cargill Meats Europe subsidiary is the 19th largest poultry producer in Europe, in keeping with info from the WATTPoultry.com Prime Poultry Firms Database.

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