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Cherkizovo Group Buys Smaller Russian Meat Producer Mosselprom

16 may 2011
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OAO Cherkizovo Group, Russia’s largest meat company, completed its acquisition of smaller rival ZAO Mosselprom to increase poultry and pork output. Cherkizovo agreed to buy all of Mosselprom on March 30, the company said in a statement today, without disclosing financial details of the deal. The acquisition increases Cherkizovo’s poultry and pork production capacity by 25 percent and 11 percent, respectively, the company said.
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