Polish pork giant Gobarto has submitted plans to acquire local pork and poultry manufacturer Albo, seeking approval from the Office of Competition and Consumer Protection (UOKIK). The proposed acquisition includes taking over 100% of Albo, with financial details currently undisclosed. Gobarto initially announced the acquisition plans in January, proposing to pay 17m zlotys ($4.2m) for the company, with potential adjustments based on Albo’s performance.
Following the transaction, Gobarto aims to expand its operations to include a wholesaler of cold meats, poultry, and processed products in central Poland. Albo, based in Radom and established in 1991, specializes in pork and poultry cutting, distributing products in various regions. The company is under the ownership of Multifood Group and markets products under the Swojcy and Tradyeja brands.
As a subsidiary of Cedrob Spółka Akcyjna since 2014, Gobarto is part of the Cedrob capital group, with 91.06% of shares held by Cedrob. The meat producer comprises over 30 businesses in the farming and food industries, employing around 1,500 individuals. Gobarto exports its products to multiple countries across Europe, Asia, South America, North America, and Africa, along with a strong domestic presence.
In addition to its focus on pork, poultry, and game production and distribution, Gobarto is involved in grain crops and plant production. The company’s website highlights its diverse portfolio and international reach, showcasing a commitment to quality and innovation in the food and beverage industry.
As Gobarto moves forward with the acquisition of Albo, the company stands to enhance its market position and further diversify its product offerings. This strategic decision aligns with the company’s growth strategy and underscores its commitment to expanding its presence in the food and drink business sector. Additionally, the acquisition demonstrates Gobarto’s proactive approach to capitalizing on food and beverage industry trends and consumer preferences. By leveraging its resources and operational expertise, Gobarto aims to drive continued growth and success in the competitive market landscape.
