German-based Stockmeyer acquires 25% of meat-processor Balcerzak

German food company Stockmeyer has acquired a 25% stake in mid-sized meat processing firm Balcerzak i Spolka. Klaudiusz Balcerzak, the company's director, will keep the largest stake in the firm, but according to unofficial sources, Stockmeyer will definitely be looking to boost its stake in the future. Klaudiusz Balcerzak said the company is seeking soon to launch operations, in line with EU standards, at a new slaughterhouse. The cost of adapting it will total some zl.15 million, with production set to begin in July 2001. It will allow the company to boost its output by 10%, said Balcerzak. Last year the company recorded a net profit of zl.3.1 million on zl.130 million in revenues, solid results compared with the mediocre showing of the meat sector in Poland as a whole. (Puls Biznesu, p.10)