Sweden-based poultry producer Scandi Standard is planning to increase its output in Lithuania, with the planned acquisition of six poultry farms in the Baltic country.
Scandi Standard on February 25 announced its intent to acquire what it referred so as “six highly profitable poultry farms” for a total purchase price of EUR 18 million (US$18.87 million) and the transaction will be financed through Scandi Standard’s credit facilities.
Scandi Standard in October 2024 announced that it had acquired an integrated poultry producer in Lithuania, but never identified which Lithuanian company it was.
In its most recent announcement, Scandi Standard said the originally purchased assets in Lithuania would include poultry farms with a capacity to produce up to 6,000 metric tons of grill weight per year while running one shift, but with the six new farms, that capacity would give the company the self-sufficiency to produce up to 25,000 metric tons per year.
"This deal accelerates our ability to combine low-cost capability with the necessary control to meet the highest standards within animal welfare, food safety and product quality in Lithuania. In combination with our recent acquisition of two of Europe's most efficient breaded product lines in the Netherlands, we will have a unique end-to-end quality offering to some of Europe's most demanding customers. Furthermore, the Lithuanian business will allow us to better service the most price-sensitive segments in our home markets. All in all, I am very pleased by the successful startup of our operations in Lithuania,” said Scandi Standard CEO Jonas Tunestål.
The assets in the Netherlands Tunestål referenced were recently acquired from U.S.-based Tyson Foods.
The largest poultry producer in Sweden and the 16th largest in Europe, Scandi Standard slaughtered 177.52 million chickens during the past year, according to information from the WATTPoultry.com Top Poultry Companies Database.
