UK-listed Russian meat group Cherkizovo has bought a controlling stake in a meat processing plant in Kaliningrad.

The company said today (16 September) that the plant will focus on smoked products, hams and cooked sausages.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

Cherkizovo said the US$4.1m deal was part of its strategy to increase the “high-margin” part of its portfolio. The company said it plans to spend $2.5m to restructure the plant.

CEO Sergey Mikhailov said: “We have recently taken measures to restructure our meat processing business and reduce costs. The restructuring results are now emerging, with the segment becoming steadily more profitable this year. This acquisition, ideally located in the Kaliningrad region is fully in line with our strategy to increase efficiency and provide a stable base for our meat processing segment.”

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now