Cherkizovo purchased Altaisky Broiler for $69 million
14 December 2018
Cherkizovo Group, the largest vertically integrated meat producer in Russia, reported the acquisition of the poultry producer Altaisky Broiler from Prioskolie agroholding. The enterprise consists of a hatchery, a feed mill, four feedlots, a slaughterhouse and a poultry processing plant. The total worth of the transaction is estimated at RUB 4.6 billion ($69 million).
The purchase of Altaisky Broiler will allow Cherkizovo to enter the market for poultry in the Siberia region of Russia and to increase its share on the Russian market for broiler meat up to 12%. In the next three years, the company intends to increase the production capacity of the Altaisky Broiler from almost 60,000 tonnes to 100,000 tonnes of meat per year.