French poultry processing major LDC is set to acquire the Konspol Poland brand and factory from agri-food giant Cargill.
Financial details were not disclosed.
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The plant is located in Nowy Sącz in southern Poland and generated a consolidated turnover of €35m ($38m) in 2023, according to an LDC statement. Around 600 employees work at the facility, all of whom will transfer to LDC.
LDC’s Polish subsidiary Drosed Group will to enter the ready-meals sector with the acquisition. It will manufacture breaded products, burgers, sandwiches, tortillas and gyozas, among other products at the factory.
The French group said: “With this transaction, the Drosed Group will develop its production capabilities by relying on a modern tool with a strong capacity potential managed by an experienced and professional team.”
The companies are planning on completing the acquisition by the end of the year. Cargill acquired Konspol in 2018.
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By GlobalDataDrosed Group employs around 3,500 people, operates six plants across Poland and turned over circa €370m in sales last year. Its main brands include Drosed, Podlaski, Zagrodowy and Drop.
Last month, LDC entered discussions to purchase local salads and tabbouleh producer Pierre Martinet.
The group is in “exclusive negotiations” to buy 100% of the company’s capital, according to a filing on Euronext.
The Sablé-sur-Sarthe-based poultry giant has been active in other M&A of late. At the start of 2024, the group said it was in talks to snap up the family-owned meat producer, Groupe Routhiau.
Last November, it also announced it was negotiating the acquisition of Polish turkey manufacturer Indykpol from its owner Rolmex, which has invested in the business since 1991.
