Netherlands-based poultry major Plukon Food Group has acquired the assets of Polish peer Algas SP.
Financial details of the transaction have not been disclosed.
Following the deal, Plukon will take over Algas’s slaughterhouse and processing facilities based close to the southern Polish city of Katowice.
The transaction will offer both businesses the opportunity “to invest in further growth in activities in Poland”, Plukon said in a statement.
Plukon believes the deal will improve its “capacity to supply our retail and foodservice customers with high-quality fresh and frozen poultry products in Poland and to various European markets”.
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Describing the purchase as a “strategic acquisition”, Plukon CEO Kees Kraijenoord added the deal “strengthens our position in Poland and underlines our commitment to growth and leadership in the European poultry market”.
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By GlobalDataHe added: “We are delighted to welcome Algas and the Szatan family within our group and to realise synergies arising from our combined assets and capabilities.”
Established in 1997 by the Szatan family, Algas is “a prominent local player” in Poland’s poultry slaughter and processing sector.
The business hit around €35m ($37.9m) in annual turnover for 2023.
While Plukon will fully acquire Algas's slaughtering and processing operations, the Szatan family will still have a say in "business operations" at its abattoir and processing factory, according to the Dutch poultry group.
Commenting on the news, Szczepan Szatan, a Szatan family spokesperson and board member of Algas, said: “This partnership with Plukon represents a transformative chapter for our family business.
"We are excited about the opportunities of leveraging Plukon’s resources and expertise to accelerate our growth path.
"The Szatan family remains deeply committed to the continued success of the company and looks forward to a fruitful collaboration with Plukon.”
The Algas buy marks Plukon's third acquisition in the past twelve months. Last February, the chicken processor took a majority stake in Dutch poultry business JA ter Maten.
In January, Plukon also bagged Spanish chicken major Redondo for an unknown sum.
Headquartered in Wezep, in the Dutch municipality of Oldebroek, Plukon produces a range of poultry products, meals, salads and meat alternatives.
Its main customers include retailers and foodservice operators in several European countries, including in the Netherlands, Belgium, France and Poland.
The company had thirty production sites in Europe before its three latest acquisitions. These include nine plants in the Netherlands, six in Germany, three in Belgium, seven in France, four in Spain and one in Poland, which collectively employ 9,500 people.
It booked an annual turnover of €3.2bn in 2023.
