A consortium consisting of Agrifirm, Gilde Buy out Partners (Gilde), De Heus, EW Group and the Plukon Food Group (Plukon) management announced today the intention to form a new consortium of Plukon shareholders. This announcement follows a review of the shareholder structure of the company that was announced in January 2015.
This transaction secures Plukon’s position and enables it to further pursue its strategy as an independent processor in the European poultry sector.
Following the transaction, Plukon’s shareholder base will consist of Agrifirm, Gilde, De Heus, EW Group and Plukon management, with none of the shareholders having a controlling interest in Plukon. The importance of Plukon management remains unchanged. All shareholders have expressed the intention to discontinue their financial investment in the company after four to six years.
No financial details have been disclosed.
Peter Poortinga, CEO of the Plukon Food Group, comments, “I’m pleased with the new shareholder structure of Plukon and look forward to working together with the new consortium of shareholders. This transaction is good news for our employees, suppliers and customers, since it safeguards our growth strategy and business philosophy. After a satisfying start to the year 2015 for Plukon, we are now ready to take the next step in our strategy.”
The transaction is only subjected to the customary approval of the competition authorities and consultation with the works council.