RUSSIA, Moscow. Cherkizovo Group, the largest meat producer in Russia, reached a preliminary agreement on purchase of a meat processing company LLC “Pit-Product” from Finnish Group Atria. The transaction will let Cherkizovo increase its share in the sausage market in the North-West Federal District, one of the key regions of the company`s presence.
A preliminary agreement on acquisition of 100% of shares in LLC “Pit-Product” was signed by LLC “APK Mikhailovsky” (a part of Cherkizovo Group) with the current owner of the company – Atria Group (Finland). Pit-Product owns two modern meat processing production facilities in Leningrad region (in Gorelovo and Sinyavino) with the capacity of 39000 t of sausages, hot dogs, meat deli per annum. Among the clients of the company are federal retail chains and food service establishments. Total headcount of LLC “Pit-Product” is around 700 people (as of the end of 2020). Along with the production sites, the transaction will also include logistics facilities, Pit Product brand and other intellectual property rights.