Deal Cherkizovo signs agreement with Cargill
Cargill operates six plants on its industrial site in Efremov, which produce starch and sweeteners, feed and premixes, oils and chicken products. The deal, following regulatory approval from respective Russian authorities, is expected to close in a few months.
The move will help the company to increase its share of value-added products and expand its presence among clients in the foodservice sector, which Cherkizovo’s CEO, Sergey Mikhailov, confirms in his statements: “We are excited to add another asset aimed to foodservice clients to our portfolio. Being a vertically integrated meat producer, we see significant synergies of a newly acquired plant with our existing supply chain, and have plans to increase capacity at this particular plant over time.”
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