"White bird-Kursk" – one of the main assets of the group, "White bird" (produces meat broiler, in 2017 occupied 5% of Russian meat market in volume terms).
"White bird-Kursk" is a single complex for the production of 120 thousand tons of broiler meat per year. The complex includes incubator, 7 production sites, as well as a poultry processing plant.
Cherkizovo group plans to restart production at the plant in the first quarter of 2019 (the total costs of restarting the company estimates 0.5 billion RUB), using the synergy with their existing production capacities – the parent sites and feed mills, said the General Director of Group "Cherkizovo" Sergei Mikhailov. According to him, this transaction will allow Cherkizovo Group to offer their high quality fresh meat products to more consumers.
Prior to this acquisition, Cherkizovo has estimated its share on the Russian poultry market at 12%.
Legal support of the transaction, including verification of the purchased assets and the development of agreements, implement an international law firm Eversheds Sutherland.
About Cherkizovo Group
Cherkizovo group is Russia's largest producer of meat products and animal feed. The group is among the three leaders on the market of chicken meat, pork and processed meat products. The Cherkizovo group includes 9 poultry farms-full cycle 16 modern pig complexes, meat processing plants 6, 8 feed mills and more than 287 thousand hectares of agricultural land. In 2017, the Group "Cherkizovo" has made about 1 million tons of meat products. The company's consolidated revenues by year-end 2017 amounted to 90,5 billion rubles.
The advantage of the company is vertical integration, which connects every link in the agricultural chain, from grain production to production of finished products, ensuring product quality at all stages. A priority for Cherkizovo Group is a high quality product and meeting the needs of customers. The popularity of the products of Cherkizovo in Russia show a high level of brand awareness and customer loyalty. www.cherkizovo.com
Translated by service "Yandex.Translation"
