Global meat exporter Charoen Pokphand Foods (CPF) has signed a cooperation agreement with Polish food company SuperDrob Capital Group.

Last December, CPF signed the preliminary share subscription agreement with SuperDrob, as well as the preliminary share purchase agreement with the latter’s existing shareholders, to acquire a 33% stake in SuperDrob.

"The cooperation between SuperDrob and CPF is a great opportunity for our company."

CPF has also paid total considerations of €49.50m or approximately THB1,872m.

SuperDrob strategy vice-president Jaroslaw Kowalewski said: "The cooperation between SuperDrob and CPF is a great opportunity for our company. We can increase production capacities, thanks to which we will be able to offer new generation products in a wider market.

“We will extend the range of products and we will integrate production and logistic processes. We believe that as a result of these changes, our products will become attractive for a wider group of consumers.

“We also hope to actively participate in the consolidation of the meat and feed market in Poland.”

A global meat product exporter, SuperDrob offers fresh, processed pre-seasoned and flavoured poultry, as well as sausages and ham under its own brand.