The world’s largest pork supplier WH Group Ltd said on Tuesday its Smithfield Foods Inc unit would buy two packaged meats manufacturers in Romania, further expanding the Chinese group’s operations in Europe, Reuters informs, quoted by the Romanian media.
U.S.-based Smithfield has agreed to buy a 100 percent stake in Elit SRL and Vericom SRL for an undisclosed sum, the Chinese pork producer said in a filing to the Hong Kong bourse.
The deals are conditional on obtaining anti-monopoly approval from the relevant regulatory authorities, it added.
Elit and Vericom operate three packaged meats manufacturing facilities and five distribution centres in Romania. They sell about 25,000 metric tons of packaged meats each year to 12,000 customers through a nationwide distribution network.
In Romania, Smithfield Ferme operates 46 farms in the counties of Timis and Arad, plus four swine breeding farms and two ultramodern combined fodder plants, domestic media report.