France-based poultry major LDC has entered advanced talks to acquire Indykpol, a Polish turkey producer.
The French company is in negotiations with Indykpol’s owner Rolmex, which invested in the Polish turkey company in 1991.
Indykpol owns more than 16 hectares of farms, including a hatchery, a feed factory and a processing plant located in northern Poland.
LDC stated that Indykpol turned over €228m ($244m) in 2022, of which more than 60% of the sales were performed on the domestic market.
In a statement, LDC wrote: “In line with LDC’s international expansion strategy, this new acquisition would consolidate an already solid presence of the LDC group via its subsidiaries of the Drosed group on the poultry market in Poland, making it possible to enrich the range with raw products, charcuterie and processed turkey products.”
LDC has been present in the Polish market since 2000 when it acquired Drosed, a Polish poultry brand. In its 2022 annual report, the France-based group said it owned 13 plants in Poland – six for prepared poultry and seven dedicated to “upstream business”.
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The Indykpol Group employs more than 1,000 people. The company’s shares have been listed on the Warsaw Stock Exchange until June 2020.
The deal is expected to be finalised in the first half of 2024 and is subject to merger approval.
Last month, LDC revealed it was in talks to buy Les Délices de Saint Léonard from the Agromousquetaires Group.
Founded in 1968 from the merger of the Lambert, Dodard and Chancereul families, LDC is known for its brands Loué, Le Gaulois, Maître Coq, Poule et Toque, Marie and Nature & Respect.
The agri-food group today has 93 sites, 14 platforms, more than 25,000 employees and a turnover of €5.8bn.