France-based LDC is taking steps to further its presence in Poland, as it has reached an agreement to purchase the Konspol brand from Cargill, as well as the Konspol plant in the city of Nowy Sącz.
LDC describes the planned acquisition as one that is consistent with the company’s international expansion strategy, and would give it a strong presence in the ready meals segment. The transaction is expected to be finalized by the end of 2024.
While the terms of the deal have not been disclosed, LDC stated that the Nowy Sącz plant achieved a consolidated turnover of EUR35 million (US$37.66 million) in 2023.
In late 2023, LDC announced other potential growth in Poland, as it was in talks to acquire Poland-based turkey company Indykpol. According to LDC’s most recent annual report, the acquisition is currently being considered by the European competition authority, with a decision expected to come within the next several months.
Cargill has owned Konspol since 2018. At the time, it was Cargill's entry into the Polish protein market.
LDC, which is involved in the broiler, turkey, duck and table egg market, is the largest broiler producer in France, the third largest in Europe and the 18th largest in the world. Cargill ranks as the 12th largest broiler producer in the world, and its Cargill Meats Europe subsidiary is the 19th largest poultry producer in Europe, according to information from the WATTPoultry.com Top Poultry Companies Database.
