Charoen Pokphand Foods Plc. (“CPF”) signed a cooperation agreements with SuperDrob Capital Group in the food industry in Poland and European Union. Pursuant to the agreement, CPF will ultimately hold approximate 33% of interest in SuperDrob.

          CPF signed the Preliminary Share Subscription Agreement with SuperDrob Zaklady Drobiarsko – Miesne S.A. (“SuperDrob”) and the Preliminary Share Purchase Agreement with the SuperDrob’s existing shareholders on 30th of December 2016 to ultimately acquire about 33% of the ordinary shares of SuperDrob post its capital increase. The total considerations is Euro 49.50 million or about THB 1,872 million.

SuperDrob is a modern, family-run Capital Group offering the highest quality and innovative poultry products. It dispatches half of its products abroad (to Great Britain, France, Germany and other EU countries as well as China). It has been in the market for 23 years. Its main products are such as fresh poultry meat, processed pre-seasoned and flavored poultry, as well as sausages and ham under its own brand. Nowadays, it has 6 subsidiaries and employs over 2,000 people. The main processing plants are located in Karczew and Łódź.

Mr. Jarosław Kowalewski, Strategy SuperDrob Vice-President said that "The cooperation between SuperDrob and CPF is a great opportunity for our company. We can increase production capacities, thanks to which we will be able to offer new generation products in a wider market. We will extend the range of products and we will integrate production and logistic processes. We believe that as a result of these changes, our products will become attractive for a wider group of consumers. We also hope to actively participate in the consolidation of the meat and feed market in Poland."

Mr.Adirek Sripratak, President & CEO of CPF, mentioned that this will mark the first step of CPF in poultry operations in the European country. Poland is considering as a leading country in exporting poultry into the European market. The country has a vast resources and potential with low cost of production. This will also help respond better to the regional consumer base at a faster pace, as well as the opportunity to expand into other businesses that CPF has expertise in Poland, and connect with CPF’s current network in Asia and Europe in order to create more value in the future./

About CPF

Charoen Pokphand Foods is one of the leading producers, processors and exporters of meat in South-East Asia and one of the world’s leading manufacturer of animal feed. A member of the DJSI, the company manages a number of animal feed plants and produces feed for poultry, swine, shrimp, fish, as well as home pets (cats and dogs). Headquartered in Thailand, the Company also has business operations in Belgium, Cambodia, China, India, Laos, Malaysia, the Philippines, Russia, Sri Lanka, Turkey, Taiwan, the United Kingdom and Vietnam. Tracing its roots to 1921 in Thailand, today CPF has investments and operations in 14 countries and sells its products in over 30 countries worldwide with annual turnover of US$14bn.