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goetzpartners successfully advised on the acquisition by Cherkizovo Group of 100% of shares in LLC “Pit-Product” with the current owner of the company – Atria Group (Finland). The preliminary agreement had been signed. “Pit-Product” owns two modern meat processing production facilities in Leningrad region (in Gorelovo and Sinyavino) which annual production capacity is 39 000 tons of sausages and meat deli. One of the facilities also encompasses a logistics center. Along with the production and logistics facilities, it will also include Pit Product brand and other intellectual property rights. Total headcount of LLC “Pit-Product” is 700 people.
Acquisition of “Pit-Product”, one of the most technologically advanced processing facilities in the North-West Federal District, will significantly reinforce Cherkizovo’s positions in such an important and big market.
The transaction will be completed after approval by the Federal Antimonopoly Service.
goetzpartners acts as the exclusive financial advisor to Cherkizovo Group in the acquisition which marks an important deal credential for our practice in agricultural/food production sector having a sustainable growth in Russia.
ABOUT CHERKIZOVO GROUP Cherkizovo Group (MOEX: GCHE) is the Russia’s largest consumer-centric manufacturer of meat products. The Group ranks first in meat processing and aggregate poultry production and ranks second in pork production. In 2020, revenue was ca EUR 1.6 billion, net profit EUR 192 mln.
ABOUT ATRIA GROUP Atria Group (HEL: ATRAV) is one of the leading meat and food companies in the Nordic countries and the Baltic region, established in 1903 and has its headquarter in Finland. In 2019, net sales were approximately EUR 1.45 billion, and Atria had around 4,450 employees in Finland, Sweden, Denmark, Estonia and Russia.
Dr. Herbert Werle