4 January 2024 - 07:30

Via its affiliate Tasomix Sp. Z.o.o. (“Tasomix”) ForFarmers has completed the acquisition of Piast Pasze Sp. z.o.o. ("Piast"), which had already been announced on 25 July 2023. All conditions regarding this transaction have been met, including the approval of the competition authority.

The enterprise value is the sum of a payment to the shareholders of Piast and the net debt. The enterprise value will be paid in local currency, which amounts approximately 30,6 million in Euro’s. Tasomix received thus 100% of the shares in Piast.
This means that Tasomix and Piast will be merging their feed business. This will expand Tasomix's volume in Poland by 410,000 tonnes and strengthen its position in the broiler sector in particular.
This transaction is in line with ForFarmers’ strategic objectives to expand in the attractive Polish agricultural market.