CFG acquisition completed by Plukon Food Group
Wezep – Nijkerk, 13 October 2020 – Plukon Food Group and Cuparius Capital completed the acquisition of CFG Nijkerk on Wednesday 7 October. In addition to the approval of the competition authorities in the Netherlands and Germany, Plukon’s Central Works Council has also advised positively on the acquisition of CFG. Plukon Food Group had acquired 100% of the shares. As of today CFG will continue under the name Plukon CFG Nijkerk BV.
Plukon and CFG join forces in chicken processing
13 July 2020
Wezep – Nijkerk, 13 July 2020 – Plukon Food Group and Cuparius Capital announced today that they have entered into an agreement in principle for Plukon to acquire 100% of the shares of Cuparius Food Group (CFG) in Nijkerk.
Plukon is best known as one of Europe’s largest players in the field of poultry. CFG is an important player as a supplier of chicken products to European food service companies.
Plukon and CFG are both companies with a strong focus on quality and performance. In addition to a strong focus on supplying retail in its existing production countries, Plukon is also an important supplier to the food service channel. CFG mainly specialises in supplying chicken products to food service companies such as Kentucky Fried Chicken (KFC) in Europe.
From the sourcing of raw materials, existing logistics channels and available production capacity, the companies will further strengthen each other. With Plukon’s production in 6 European countries and with various chain concepts, both companies believe that this forms a strong joint basis to further spread their wings in Europe.
The transaction will be submitted to the relevant competition authorities for approval and to the relevant works councils for advice.