Plukon Food Group acquires 100% of the shares in the Spanish company Redondo

 

Wezep-Madrid, 22 January 2024 – Plukon Food Group B.V. (Plukon) has reached an agreement for the 100% acquisition of Redondo, an integrated poultry company located in the region of Madrid.

Redondo is a second generation family owned business that has been active in the poultry market since 1963 and which provides high-quality poultry products to customers in- and around Madrid. Redondo is an integrated poultry company that operates a distinct network of facilities in three different locations in Spain, including feed mills, mother flocks facilities, hatchery, growing farms and a modern slaughterhouse. Redondo employs about 250 people and its revenues amounted to EUR 54m for the year 2022.

Plukon and Redondo both have a strong focus on quality and performance. Plukon focuses primarily on the production of premium, fresh poultry products for the retail markets where it is active. Redondo supplies premium chicken products for some of the most relevant retail, B2B and foodservice companies in Spain. Thanks to the strategic location of its production facilities, within close range of most of its customers, it can guarantee the supply of high-quality fresh products.

Kees Kraijenoord, CEO Plukon: “I am pleased to announce the acquisition of Redondo that greatly strengthens Plukon’s position in Spain. In 2020, Plukon entered the Spanish market through the acquisition of Grupo VMR and together with Redondo, this provides our group with a strong platform for future growth in Spain. This deal aligns with our ambition to become a leading player in the production and marketing of poultry in Europe.”

José Luis Redondo, CEO Redondo: “We are convinced that Redondo will continue to grow as part of the Plukon Food Group, and we look forward to realize this together. Plukon is a strong owner for Redondo and all its stakeholders, with a similar view on quality standards and, therefore, we are proud to have achieved this milestone for the company.”


Plukon Food Group

Plukon Food Group is an innovative company in the European market for poultry, fresh meals, salads, meal components and alternative proteins. The company operates 30 facilities in Europe, in six counties and realized in 2022 revenues of EUR 2.7bn with 9,000 employees.

For more information, please contact:
Plukon Food Group B.V.
Anetta Arends, Manager Communicatie & PR
Tel: +3138 – 3766637

Or visit our websites: www.plukon.com of www.earedondo.com