Duda takes over Agro Provimi

PKM Duda is acquiring Agro Provimi specializing in pig farming for PLN 28.1 million, said Dariusz Formela, the CEO of the company. "Our strategy is based on two pillars: the development of the productive sector and the distributive sector. The transaction increases our output capacity by 20 percent," said Formela. The acquisition was financed with a loan of PLN 25.3 million and PKM Duda's own funds. Polski Koncern Mięsny DUDA is the largest company in Poland in the red meat slaughtering and packaging industry (pork, beef, game). The Company controls and is the most important part of the capital group now made up of about 30 companies operating in the agricultural and food sectors all over Poland.