France-based poultry giant LDC is currently in advanced discussions to purchase Indykpol, a prominent turkey producer located in Poland.
The negotiations involve the French firm and Rolmex, the owner of Indykpol, who made an investment in the Polish turkey company back in 1991.
Indykpol possesses over 16 hectares of farmland in northern Poland, encompassing a hatchery, a feed factory, and a processing plant.
LDC reported that Indykpol achieved a turnover of €228 million ($244 million) in 2022, with over 60% of the sales taking place in 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.”
Having entered the Polish market in 2000 through the acquisition of Drosed, a local poultry brand, LDC disclosed in its 2022 annual report that it currently owns 13 plants in Poland. Among these, six are designated for prepared poultry, while the remaining seven are dedicated to the “upstream business.”
The Indykpol Group employs more than 1,000 people. The company’s shares were publicly traded on the Warsaw Stock Exchange until June 2020.
The completion of the deal is anticipated in the first half of 2024, contingent upon receiving approval for the merger.
Last month, LDC announced discussions regarding the acquisition of Les Délices de Saint Léonard from the Agromousquetaires Group.
Established in 1968 through the consolidation of the Lambert, Dodard, and Chancereul families, LDC is renowned for its brands, including Loué, Le Gaulois, Maître Coq, Poule et Toque, Marie, and Nature & Respect.
Presently, the agri-food group operates 93 sites and 14 platforms, boasting a workforce exceeding 25,000 employees and achieving a turnover of €5.8 billion.
