WH Group Group’s operations in Europe to expand
US-based Smithfield has agreed to buy a 100% stake in the two Romanian companies Elit SRL and Vericom SRL for an undisclosed sum, the Chinese pork producer said in a filing to the Hong Kong bourse. The deals are conditional on obtaining anti-monopoly approval from the relevant regulatory authorities, it added.
Elit and Vericom operate three packaged meats manufacturing facilities and five distribution centers in Romania. They sell about 25,000 t of packaged meats each year to 12,000 customers through a nationwide distribution network.
In August, WH Group through Smithfield acquired Pini Polska, Hamburger Pini and Royal Chicken in Poland, as part of its efforts to expand in Europe.