The transaction is expected to be completed in the coming months, subject to customary regulatory approvals and contractual closing conditions.
The Mispol Group, established in 1997, in Białystok, Poland, has a long history of producing high quality pet food for Polish and international customers, including supermarkets and specialty pet food retailers. The Group is highly complementary to PPF, given its geographical presence, and strong growth prospects, and fully reflects PPF’s strategy to further expand its business and develop product offering in all categories.
This transaction follows PPF’s recent acquisition of Doggy, a leading Swedish pet food manufacturer, in September 2020, and the acquisition of Landini Giuntini in Italy in January 2021. This is the second successful deal between NDX Group and PPF following the acquisition of Doggy.
Commenting on the acquisition, Gerald Kuehr, CEO of PPF, said:
“With its strong footprint in Poland and successful growth, Mispol represents a significant opportunity for us to further expand our local presence. We look forward to welcoming the Mispol Team into the PPF family and to recognising this acquisition as another major step in the future growth and development plans of the business.”
Notes to editors
Headquartered in Hungary, PPF is a market-leading pet food manufacturer with ten manufacturing operations across Europe. PPF supplies pet food to more than 600 customers in Europe, including traditional retailers, discounters, speciality pet retailers and online specialists. Its product range covers the main categories of dog and cat food including wet and dry food including single serve products. Established in 1999, the company employs more than 2000 people and produces close to 700 000 tons of pet food per annum, distributed across 40 countries in Europe.
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About NDX Group
Investment company NDX Group owns FMCG production companies in Central and Eastern Europe, including baby food and canned food manufacturer Novofruct in Slovakia, canned food manufacturer Kvinfud in Belarus, and pet food manufacturer Mispol with production facilities in Poland and Czech Republic. The Group also owns 49.9% of shares CHS INVESTMENT GROUP, UAB, owning security services providers in Lithuania and Latvia. At the end of 2020, NDX Group companies had 2 186 employees.