Cargill Acquires Ukraine-based Agricultural Company14 January 2014
UKRAINE - Cargill, the global producer and marketer of meat, food, agricultural, financial and industrial products and services, has acquired a five per cent stake in UkrLandFarming, the largest Ukrainian integrated agricultural group.
Cargill and UkrLandFarming (ULF) will operate in one business segment and propose to enhance and develop their relationship seeking significant business opportunities, beneficial to both parties.
ULF is working with Cargill’s grain division to satisfy Cargill’s particular needs for grains in Ukraine; Cargill on its side is providing financial terms to ULF which allows Cargill to secure supply.
Mr Bakhmatyuk of ULF said: “The agreement with Cargill indicates an important step for UkrLandFarming in developing our international presence and export potential. It signals of not only significant potential of UkrLandFarming but the Ukrainian agricultural sector as a whole to the world. We look forward to developing further relationships with Cargill.”
Several other projects are being discussed between Cargill and ULF including logistics and the companies will continue to work together to explore further projects.
The two companies have not disclosed details of the deal.
ULF's web site reports that the company is the country's leading company for the production and processing of eggs, among other enterprises.
ThePoultrySite News Desk