Plukon Royale Group buys Flandrex
Dutch animal feed cooperative Cehave Landbouwbelang is selling it minority
share of 45% in Flandrex Group to Plukon Royale Group. Flandrex operates two
poultry processing plants in Belgium and the Netherlands.
The transaction finalises the sale of the last interests Cehave
Landbouwbelang has in poultry processing and is in line with the company's
strategy to focus its activities on animal feeds.
For Flandrex the move
is an important step forward in scaling up of the company. Stand alone it would
be too small to be an attractive partner in trade in the European
With Plukon Group it has found a leading party in poultry
processing in Europe. Plukon operates several processing and further processing
plants in the Netherlands, Belgium and Germany.
Plukon intends to
takeover the shares of Flandrex with retroactive effect from 1 July, 2008 and
will continue operations as is.
Cehave Landbouwbelang owned a minority
share of 45% in the Flandrex group. Already on 1 Januray 2006 it sold its 100%
ownership of the Astenhof plant to Flandrex.
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