Russian meat processor Cherkizovo Group has completed the acquisition of Dankovsky Meat Plant, located in the Lipetsk Region, for 38.5 million rubles, the group said Monday in a statement.
“The acquisition of the plant perfectly suits the group’s strategy on a long-term economic growth at the expense of organic development of the business and market consolidation,” the group’s General Director Sergei Mikhailov said, as cited in the statement.
Mikhailov said as well that the purchased plant will enable the group to increase work efficiency and maintain competitive advantages in the field of pork production under a complicated market situation.
The plant focuses on slaughtering cattle, freezing meat and producing sausages. The capacity of the slaughterhouse amounts to about 500 heads per shift, or 3.5 tonnes of meat daily.
Cherkizovo Group’s chicken and turkey products have once again been awarded the annual Product of the Year title, with flagship brands Petelinka and Pava-Pava winning two categories of the award.
Cherkizovo Group, Russia's largest meat producer, is taking part in Our Brand, an international food festival in Ufa. The Company showcased its products during a tasting session at its stand.
Cherkizovo Group, Russia's largest meat producer, continues to expand its turkey product line under Pava-Pava, one of its flagship brands. This fall, the Company has launched sales of spiced turkey filet, a perfect choice for holiday dinners.
Cherkizovo Group, Russia’s largest meat producer, has once again been praised for the high quality of its products, with the Petelinka, Cherkizovo, and Pava-Pava brands winning two gold and three silver medals at Quality Guarantee 2023.