ForFarmers and Poland's KPS Food Group (KPS), a leading, innovative player in poultry production, slaughtering and food processing, have signed an agreement to form a joint venture in which ForFarmers will have a 50.5% majority share.

The current owners of KPS, who are also the co-shareholders in Tasomix, will hold the other 49.5% stake. The joint venture will incorporate KPS's poultry farms and slaughtering and food processing activities, as well as all of Tasomix' feed activities. The transaction is subject to approval by the Polish competition authority and the shareholders of ForFarmers.

Value chain integration is in line with ForFarmers' strategy to strengthen its market position in the growing Polish poultry sector and to further develop value chain integration. Tasomix and KPS have a longstanding track record of effective collaboration. The intensified cooperation will continue in the joint venture under the name, "ForFarmers Polska", under which both the Tasomix and KPS brand names will continue to exist. ForFarmers will fully consolidate the joint venture.

Pieter Wolleswinkel, chief executive officer of ForFarmers, said: "In the markets in which we operate, value chain integration is more and more important for a future-proof poultry sector. I am therefore very optimistic about this strategically important step for ForFarmers. The combination of Tasomix and one of Poland's most modern poultry processing companies enables us to consolidate our strengths into an integrated organisation, capable of responding effectively to market demands. This new joint venture enables us to strengthen our position in the Polish poultry market and benefit from the growth opportunities in Poland."

Co-shareholders Jarosław Krzyżanowski and Ireneusz Sobczak said: "KPS and ForFarmers have been working together for a long time. Our way of working and vision for the Polish poultry market are a perfect match. KPS stands for innovation in technology, production and product development, (as well as) for expansion into domestic and foreign markets. With the knowledge and expertise of Tasomix and ForFarmers, we can respond even better to the wishes of our customers."

- ForFarmers

ForFarmers strengthens position in Polish market through value chain integration

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