Cherkizovo Group to Strengthen its Position in Russian Poultry
Cherkizovo Group, the largest vertically integrated meat producer in Russia, plans to acquire Altaisky Broiler, one of Russia’s largest poultry producers. In 2017 Altaisky Broiler produced 67,000 tons (live weight) of poultry products. An acquisition of this size will enable Cherkizovo to considerably expand its business footprint, open up access to the Siberian market, and add one of the strongest and most popular local brands to the group’s portfolio. This will also strengthen Cherkizovo’s positions in the poultry market and increase its share among domestic poultry producers to 12%.
The transaction will be closed after legal and financial due diligence of the target company is completed, and the final acquisition price is yet to be determined by the parties. The anticipated acquisition is also subject to approval by the Russian Federal Antimonopoly Service.
