Chicken Processing Plukon and CFG join forces

by Editor fleischwirtschaft.com
Wednesday, July 15, 2020
From the sourcing of raw materials, existing logistics channels and available production capacity, the companies will further strengthen each other.
Photo: Plukon
From the sourcing of raw materials, existing logistics channels and available production capacity, the companies will further strengthen each other.

Plukon Food Group and Cuparius Capital announced this week that they have entered into an agreement in principle for Plukon to acquire 100% of the shares of Cuparius Food Group (CFG) in Nijkerk.

Plukon is best known as one of Europe’s largest players in the field of poultry. CFG is an important player as a supplier of chicken products to European food service companies.

In addition to a strong focus on supplying retail in its existing production countries, Plukon is also an important supplier to the food service channel. CFG mainly specialises in supplying chicken products to food service companies such as Kentucky Fried Chicken (KFC) in Europe.

From the sourcing of raw materials, existing logistics channels and available production capacity, the companies will further strengthen each other. With Plukon’s production in 6 European countries and with various chain concepts, both companies believe that this forms a strong joint basis to further solidify their base in Europe.

The transaction will be submitted to the relevant competition authorities for approval and to the relevant works councils for advice.

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(Bild: Plukon)

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