Cherkizovo Acquires Mosselprom

RUSSIA - The country's biggest meat producer, Cherkizovo, says it has acquired poultry company, Mosselprom.
calendar icon 30 March 2011
clock icon 2 minute read

The deal has been agreed for an undisclosed sum, strengthening Cherkizovo's grip on the Russian food sector.

Cherkizovo, which earlier this week posted a 21 per cent rise in 2010 profit to $144.4 million, said in a statement that Mosselprom had a two per cent share of Russia's poultry market, compared to Cherkizovo's seven per cent.

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