ZM Duda, the Polish meat company, has acquired a leading Warsaw meat distributor in a move which will double its sales.
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Duda purchased Centrum Miesne Makton and Eurosmak from the Makowski family. The deal is the largest ever acquisition in the meat sector, reported the Polish News Bulletin. In a highly fragmented sector, the newly enlarged company owns over 1% of the Polish meat market.
Duda wil pay PlZ20m (US$5.47m) in cash and a further 456,000 shares. The deal is subject to approval from competition authorities.
