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The group "Cherkizovo" has finished the transaction on purchase of JSC "Altai broiler"
Cherkizovo group (MOEX: GCHE), Russia's largest vertically integrated manufacturer of meat products, closed the acquisition of the company "Altai broiler".
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Cherkizovo group announces the completion of the acquisition of JSC "Altai broiler" in holding "prioskolye". The amount of the transaction amounted to 4.6 billion rubles, approved by the Federal Antimonopoly service (FAS). The intention to buy a poultry farm in the Altai region, Cherkizovo Group announced in the summer of 2018.

JSC "Altai broiler" is one of the biggest players in the poultry market in Siberia. The farm annually produces approximately 67 thousand tons in live weight (58 thousand tons of finished products). This acquisition will allow Cherkizovo Group to enter the market of the Siberian Federal district and further strengthen its positions on Russian market of poultry meat.

"Siberia is a promising region for further development of the Group. Now they are vigorously developing Federal retail chain and we are interested to grow together with them", – commented the General Director of Group "Cherkizovo" Sergei Mikhailov. According to him, primarily a group interested in getting out in the largest cities of the region.

To ensure the Altai broiler poultry farm egg Group acquired from "Prioskolie" production site "Krasnoyaruzhskyi broiler" (Belgorod region) together with the parent herd. This will allow Cherkizovo group to close their own needs in the incubation egg 100%.

On the basis of "Altai broiler" the Group intends to develop its own distribution system in the Siberian Federal district. Cherkizovo will continue to produce products under the brand name "Altai broiler", and may further develop the production of other brands of poultry. Also in the future we plan to increase the supply Siberia products of meat processing.

Legal support of the transaction, including verification of the purchased assets and the development of agreements, implement an international law firm Eversheds Sutherland

"Altai broiler" – the largest producer of poultry meat in the Altai region and one of the largest manufacturers in the Siberian Federal district. The activity of the company started in 2007 and in December 2008 was released the first batch of products. Today it is a modern poultry farm are not closed production cycle which structure includes a hatchery, feed mill, four sites of broiler plant in Biisk at the slaughter and processing of poultry meat. The bird is grown on a balanced feed of its own production. In the range of about 100 types of chilled and frozen food.



Translated by service "Yandex.Translation"
Источники: Agro2b
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