ForFarmers N.V.: ForFarmers expands in Poland through acquisition of Piast Pasze Sp. z.o.o.
25 Luglio 2023 - 7:00AM
ForFarmers N.V.: ForFarmers expands in Poland through acquisition
of Piast Pasze Sp. z.o.o.
Lochem, 25 July 2023
ForFarmers expands in Poland through acquisition of
Piast Pasze Sp. z.o.o.
ForFarmers/Tasomix has come to an agreement with Piast Pasze Sp.
z.o.o. (‘Piast’) to merge their feed activities. The volume of
ForFarmers/Tasomix will consequently increase by 410,000 tonnes. In
addition, ForFarmers/Tasomix will strengthen its position in the
broiler sector in particular. The transaction is pending the
approval of the Polish competition authority. Closing of the
transaction is expected to take place in the fourth quarter of
2023.
ForFarmers/Tasomix is a large feed producer with over 30 years
of experience on the Polish market. The company has a strong
position in the poultry sector and also focuses on growing its
position in both the ruminant and pig sector. One of the strategic
objectives of ForFarmers/Tasomix is to expand in the attractive
Polish agricultural market. The acquisition of Piast is entirely in
line with this objective.
Piast offers great cooperation opportunities
The history of Piast dates back to the 1970s with its original
location in Lewkowiec (Central Poland) that mainly focused on
broiler and turkey farmers in the free market. Over time, Piast
expanded its portfolio of products for pigs and cattle and acquired
additional production locations in Plonsk, Golancz and Olesno.
There are 220 employees involved in management, sales, and
production.
Due to the location of the mills of Piast versus those of
ForFarmers/Tasomix, it is possible to create dedicated mills to be
able to produce more efficiently. The larger geographical footprint
provides opportunities to enlarge the customer base. In addition,
Piast owns two unique poultry feed technologies, which are cost
efficient, can well be applied at ForFarmers/Tasomix and also fit
with the sustainability strategy.
Pawel Swierkula, Managing Director of ForFarmers/Tasomix: “This
cooperation is a great step forward for both parties. Piast and
ForFarmers/Tasomix have similar company cultures and the same
attitude towards customers. Working together offers us a larger
operating area in centers of growth in our country and will
therefore help us to enhance the solid platform to further develop
and improve a sustainable future for our business.”
Adam Plewiński, co-owner of Piast, states: “We are very
optimistic about the transfer of our feed activities to
ForFarmers/Tasomix. This will bring many benefits and new
perspectives to our customers who will be able to benefit from the
vast experience and knowledge that this international company has.
We look forward to working with their management to make this
transaction a success.”
This press release contains information that qualifies as inside
information in the sense of Article 7 paragraph 1 of the EU Market
Abuse Regulation.
Note to the editor / For additional
information:
Caroline Vogelzang, Director Investor Relations T: 0031 573 288
000 M: 0031 6 10 94 91 61E: caroline.vogelzang@forfarmers.eu
Paweł Świerkula, Managing Director ForFarmers/TasomixM + 48 510
22 00 22 • E: pawel.swierkula@tasomix.pl
About ForFarmers N.V. ForFarmers N.V. is an
international organisation that provides complete innovative feed
solutions to the livestock farming industry. With its ‘For the
Future of Farming’ mission ForFarmers is committed to the
continuity of farming and to further increasing the sustainability
of the agricultural sector. ForFarmers is a prominent player in
Europe with annual sales of around 9 million tonnes of animal feed.
The company is active in the Netherlands, Belgium, Germany, the
United Kingdom and in Poland, where it is branded
ForFarmers/Tasomix. ForFarmers has approximately 2,500 employees.
In 2022 revenue amounted to approximately €3.3 billion. ForFarmers
N.V. is listed on Euronext Amsterdam.
ForFarmers N.V., P.O. Box 91, 7240 AB Lochem, T: +31 (0)573 28
88 00, F: +31 (0)573 28 88 99, info@forfarmers.eu,
www.forfarmersgroup.eu
FORWARD-LOOKING STATEMENTSThis press release
contains forward-looking statements, including those relating to
ForFarmers legal obligations in terms of capital and liquidity
positions in certain specified scenarios. In addition,
forward-looking statements, without limitation, may include such
phrases as “intends to”, "expects “, “takes into account”, "is
aimed at“, ''plans to”, "estimated" and words with a similar
meaning. These statements pertain to or may affect matters in the
future, such as ForFarmers future financial results, business plans
and current strategies. Forward-looking statements are subject to a
number of risks and uncertainties, which may mean that there could
be material differences between actual results and performance and
expected future results or performances that are implicitly or
explicitly included in the forward-looking statements. Factors that
may result in variations on the current expectations or may
contribute to the same include but are not limited to: developments
in legislation, technology, jurisprudence and regulations, share
price fluctuations, legal procedures, investigations by regulatory
bodies, the competitive landscape and general economic conditions.
These and other factors, risks and uncertainties that may affect
any forward-looking statements or the actual results of ForFarmers,
are discussed in the last published annual report. The
forward-looking statements in this press release are only
statements as of the date of this document and ForFarmers accepts
no obligation or responsibility with respect to any changes made to
the forward-looking statements contained in this document,
regardless of whether these pertain to new information, future
events or otherwise, unless ForFarmers is legally obliged to do
so.
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