December 21, 2011
Belarus-based Servolux targets to acquire Smolevichi poultry complex
Servolux Agro, a poultry production structural unit of agricultural holding Servolux, is targeting to buy Smolevichi poultry complex, currently the largest manufacturer of poultry in Belarus.
According to experts this is the most ambitious acquisition in the poultry market of Belarus, which will create a new holding with a production capacity that will surpass competitors at least twice.
Rough projections suggest that by the end of 2011, Servolux will produce about 36 tonnes of poultry. As a result of new acquisitions, as well as the completion of the new complex in the Mogilev region in 2012, this figure could nearly triple - up to 110 tonnes per year.
One of the assets of Servolux in Belarus is the country's largest manufacturing feed plant with a total capacity of 300 tonnes per year. The cost of the acquisition of Smolevichi poultry complex is unspecified - according to a rough estimate it can be about US$55 million.