The deal is topic to regulatory approval
13 January 2025
2 minute learn
MHP SE, the worldwide meals group with main manufacturing services in Ukraine and Southeastern Europe, introduced on Friday that it has submitted a binding provide to accumulate UVESA Group, a market chief within the Spanish meals trade with well-established poultry and pork operations.
The transaction constitutes a young provide addressed to all the present shareholders of UVESA and is topic to the success of sure circumstances, together with, however not restricted to, attaining a minimal acceptance threshold of fifty.01%. The requirement for regulatory approvals, if any, will probably be assessed and addressed as obligatory.
MHP is a bunch of meals & culinary corporations with a big footprint in Ukraine, and in Southeast Europe, the place it operates beneath its totally owned subsidiary Perutnina Ptuj. Different operations embody a slicing facility within the Netherlands, a three way partnership in Saudi Arabia, and gross sales and distribution workplaces in MENA and the UK.
MHP Ukraine exports as much as 60% of its complete poultry merchandise to over 70 nations worldwide. In 2019, the Group introduced its strategic transformation right into a culinary firm launching and bringing to market a spread of value-added cooking merchandise and meals options.
MHP’s enterprise mannequin has enabled the Group to develop into some of the environment friendly poultry producers on the earth and in addition helps the Group to keep up excessive ranges of high quality management at each stage of the manufacturing course of. All MHP Ukraine’s requirements are in step with probably the most stringent EU tips for poultry manufacturing. A key a part of MHP’s success so far has been a powerful and skilled group, effectivity in operations, sustained funding and innovation, market and product diversification in addition to resilience to the challenges posed by the conflict in Ukraine.
This acquisition is one other strategic step within the journey of MHP, which is consolidating its place as an essential participant within the international meals trade, while additionally securing a strategic long-term investor for UVESA Group. The Group is thrilled to have a chance to contribute to Spain’s agricultural and meals sectors, utilising its important experience and superior manufacturing capabilities. Collectively we’ll assist meet rising demand for high-quality, reasonably priced poultry merchandise and meals options on the earth.
With a powerful monitor document of adhering to stringent animal welfare and high quality requirements MHP’s experience would complement and improve Spain’s current poultry trade, with the deal presenting important alternatives for sustainability, meals safety features and animal welfare initiatives.
MHP’s presence in Spain would create new jobs and supply worthwhile alternatives for collaboration with native farmers and companies, assist to strengthen the broader poultry provide chain and contribute to Spain’s broader agricultural sector, enhancing the nation’s meals sustainability and driving financial improvement.
