China-based meat processor WH Group has announced the acquisition of two Romanian companies – Elit and Vericom – through its US subsidiary Smithfield Foods.
In a filing to the Hong Kong stock exchange yesterday (25 September), WH Group said Smithfield had struck a deal to buy 100% of the Romanian firms.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Smithfield already has operations in Romania, marketing pork products under the Comtim brand.
Elit and Vericom operate three packaged meat facilities and five distribution centres. They have the combined resources to expand capacity to 45,000 metric tonnes of packaged meats a year, from around 25,000 metric tonnes now. The deal, for which no financial details were disclosed, is subject to anti-monopoly approval from the relevant regulatory authorities.
As part of Smithfield’s expansion into eastern Europe, in June the company completed the acquisition of the Pini Group’s packaged meats companies in Poland to be operated by Polish food producer Animex Foods. The acquisition included Pini Polska, a meat processing and packaging plant and case-ready meat plant Hamburger Pini and Royal Chicken.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
