Cherkizovo Group (MOEX:GCHE), Russia's largest meat producer, has announced that it completed the acquisition of Cargill’s chicken processing facility in the Tula region. AICMikhailovsky, part of Cherkizovo Group, closed the deal to acquire Сompass Foods LLC (based in Efremov, Tula region) from Cargill. As a result, the Group took over a chicken processing facility with a capacity of some 20,000tonnes of nuggets and other poultry products per year. The bulk of its products goes to McDonald’s fast food restaurant chain. The acquisition is set to greatly enhance Cherkizovo’s presence with food service clientele. In July2020, Cherkizovo Group and. Read more...
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