View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
August 12, 2020

Plukon Food Group to buy Dutch poultry peer Cuparius Food Group

Dutch poultry firm Plukon Food Group is to acquire one of its domestic peers supplying foodservice clients including KFC.

By Dean Best

Dutch poultry firm Plukon Food Group is to acquire Cuparius Food Group, a domestic peer supplying foodservice clients including KFC.

Free Report
img

What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

The privately-owned Plukon said it had struck a deal with current CFG owner Cuparius Capital. Financial terms were not disclosed. 

In a statement announcing the deal, Plukon said CFG “mainly specialises in supplying chicken products to foodservice companies”. One of its customers in Europe is fast-food chain KFC.

“From the sourcing of raw materials, existing logistics channels and available production capacity, the companies will further strengthen each other,” Plukon insisted. “With Plukon’s production in 6 European countries and with various chain concepts, both companies believe that this forms a strong joint basis to further spread their wings in Europe.”

The deal is Plukon’s latest move to bolster its presence in the foodservice market. In January, the company announced the acquisition of Grupo de Gestión Empresarial Avícola (VMR), giving it access to the foodservice channel in Spain. 

While Plukon is primarily engaged in poultry processing, it also entered the vegetables market in January after teaming up with with Staay Food Group in the Netherlands to take a controlling stake in Fresh Care Convenience.

Related Companies

Free Report
img

What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

Topics in this article: ,
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every other month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Food