France-based LDC is taking steps to additional its presence in Poland, because it has reached an settlement to buy the Konspol emblem from Cargill, in addition to the Konspol plant within the town of Nowy Sącz.
LDC describes the deliberate acquisition as one this is in keeping with the corporate’s world growth technique, and would give it a robust presence within the in a position foods phase. The transaction is anticipated to be finalized by way of the top of 2024.
Whilst the phrases of the deal have now not been disclosed, LDC mentioned that the Nowy Sącz plant completed a consolidated turnover of EUR35 million (US$37.66 million) in 2023.
In past due 2023, LDC introduced different possible expansion in Poland, because it was once in talks to procure Poland-based turkey corporate Indykpol. In line with LDC’s most up-to-date annual record, the purchase is lately being thought to be by way of the Ecu festival authority, with a choice anticipated to come back throughout the subsequent a number of months.
Cargill has owned Konspol since 2018. At the time, it was once Cargill’s access into the Polish protein marketplace.
LDC, which is concerned within the broiler, turkey, duck and desk egg marketplace, is the most important broiler manufacturer in France, the 3rd greatest in Europe and the 18th greatest on the earth. Cargill ranks because the 12th greatest broiler manufacturer on the earth, and its Cargill Meats Europe subsidiary is the nineteenth greatest poultry manufacturer in Europe, in step with data from the WATTPoultry.com Best Poultry Corporations Database.