Aquisition: Cherkizovo purchases production f...
Aquisition

Cherkizovo purchases production facility in Leningrad region

Imago / ITAR-TASS
Sausage production line at Cherkizovo meat processing plant.
Sausage production line at Cherkizovo meat processing plant.

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.   

The transaction is expected to be closed in the first half of 2021, after approval by the Federal Antimonopoly Service.

Source: Cherkizovo
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