POLAND: ABP acquires Polish production site
ABP grows Polish processing capacity
Ireland's ABP Food Group has acquired its second production plant in Poland from Italian meats firm Ferrarini.
Located in Klosowice, in western Poland, the facility will increase ABP's production capacity by over 100,000 animals a year, the company said. The company added the move is likely to almost double its Polish workforce to around 250 people.
ABP expects to begin operations at the site next month.
The company said it intends to increase supplies of Polish beef to customers throughout the EU. After Ireland, Poland is the second-largest beef-exporting country in the bloc.
"This expansion will allow ABP Poland to further solidify our position as a sustainable supplier of high quality Polish beef products to customers throughout Europe. When we entered the Polish market we intended to build a business of significant scale, and this acquisition is a continuation of that strategy," CEO Paul Finnerty said.
ABP entered Poland in 2011 when its acquired its first production plant in Pniewy.
ABP Expands in Poland With Acquisition of Second Production Site
ABP Food Group has expanded its operations in Poland with the acquisition of a second production facility in Klosowice, Western Poland. The facility, acquired from Italian food group Ferrarini, will increase ABP's production capacity in Poland to over 100,000 animals per year.
ABP entered Poland in 2011 through the acquisition of a plant in Pniewy, which is 30 kilometres away from the newly acquired facility. This plant now employs over 130 people and 3 years of capital investment, including the installation of a new production line in May 2013, have transformed the plant into one of the most efficient meat processing plants in Europe.
ABP Poland expects to start production in the new facility in February 2014, and it is envisaged that when both sites are operating fully ABP Poland will employ over 250 people.
Paul Finnerty, CEO of ABP Food Group said: "After Ireland, Poland is the second largest beef exporter to the European market and this expansion will allow ABP Poland to further solidify our position as a sustainable supplier of high quality Polish beef products to customers throughout Europe. When we entered the Polish market we intended to build a business of significant scale, and this acquisition is a continuation of that strategy."
ABP processes 1 million cattle each year across its facilities in Ireland, UK and Poland, and is the largest processor of beef in Ireland and the UK, and one of the top 3 in Europe.
Original source: ABP Food Group
Synopsis The report provides a review of the mergers and acquisitions (M&As), partnering deals, and agreements entered into by companies active in the global meat market during May 2014. Summary Usin...
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