Plukon Food Group has successfully acquired Algas SP Sp. z o.o., a leading poultry slaughtering and processing company in southern Poland, marking a strategic expansion into the Polish market.
Target Company Overview
Plukon Food Group has reached an agreement to acquire 100% of the shares of Algas SP Sp. z o.o., a family-owned company managed by two generations of the Szatan family. Based in the Katowice region, Algas is a local leader in poultry slaughtering and processing in southern Poland.
The acquisition, which follows a revenue achievement of approximately 35 million euros in 2023, aims to bolster Plukon Food Group's growth in Poland. This integration will provide new opportunities for delivering high-quality poultry products to retail and food service customers in Poland and across Europe.
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Industry Overview
The poultry industry in Poland is a significant sector within the country's agricultural landscape, characterized by robust growth over recent years. Poland
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Plukon Food Group
invested in
Algas SP Sp. z o.o.
in 2023
in a Buyout deal
Disclosed details
Revenue: $38M