US meat company Smithfield Foods has announced that it has acquired two European meat processors, Morliny and Comtim Group, for US$83m.
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’s Polish subsidiary, Animex, bought leading Polish meat brand Morliny, bringing Animex’s number of meat plants to eight. Spanish food maker Campofrio Alimentacion announced in August it had made a preliminary agreement to sell Morliny, which it acquired in 1998, to Smithfield.
“Morliny is a strong company with the leading brand name in the Polish market,” said Smithfield’s Morten Jensen. “The complimentary brands of Animex and Morliny and the operating efficiencies between these two companies make us the clear leader in the production and marketing of branded processed meats in this important market while continuing to enhance our export capabilities.”
Smithfield also purchased Comtim Group SRL, its second acquisition in Romania. Comtim Group is a vertically integrated meat processing company in Timisoara. The company has hog production facilities with a capacity of 15,000 sows.
“These acquisitions strengthen our presence to capitalise on marketing opportunities to develop the protein marketplace in Eastern Europe as these markets emerge,” said Robert A. Sharpe II, president of international operations for Smithfield. “Also, by coordinating manufacturing and marketing advantages, we will be well-positioned as Europe continues to evolve toward one marketplace.”
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
