Ukraine-based poultry processor MHP has announced it is set to acquire Perutnina Ptuj, a Slovenian peer, for an undisclosed sum.
MHP is a vertically-integrated company and a poultry producer in Ukraine, with facilities in the European Union – in the Netherlands and Slovakia -and a sales and distribution office in the United Arab Emirates.
Perutnina Ptuj produces food for its home market and exports to countries including Croatia, Serbia and Austria. Its products include deli meats, chicken cuts and sausages under brands such as Poli, Jata and Topiko.
MHP sells around 60% of its poultry products domestically and around 40% to more than 60 countries across the world.
London-listed MHP said it is taking a strategic step with this deal, “which will add value to the company and strengthen its position as a global player, while Perutnina Ptuj is obtaining a strategic long-term investor”.
It added: “Perutnina Ptuj has a strong brand and significant share of poultry value-added products, which MHP is ready to support over the coming years through investment and further development.”
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MHP said it plans to improve the quality of the Perutnina Ptuj’s production base to meet the highest EU standards.