United Petfood Group takes over two pet food facilities of Cargill

Lakatos, Köves & Partners (“LKT”) advised United Petfood, the global private-label pet-food producer, in relation to its acquisition of a petfood factory from the Cargill Group in Hungary in the area of Karcag. The transaction was part of a combined asset deal covering both in Poland and Hungary. LKT provided full scope legal assistance as to the Hungarian aspects of the deal, starting from the due diligence of the target through the negotiation of the transactional documents and the completion of the transaction including corporate, M&A, antitrust, regulatory and real estate advice.

Cargill provides food, agriculture, financial and industrial products and services around the world, being active in 70 countries worldwide. With this transaction, United Petfood takes over two production facilities (specialised in the production of dry pet food for cats and dogs) of Cargill involved in the production of pet food in Hungary (Karcag) and in Poland (Krzepice). Cargill retains ownership of its pet food brands and will continue to provide a portfolio of its branded products, while United Petfood, having extensive operational experience in the production of pet food, combined with its commitment and investment in people is well suited to the future that this business requires.

With the additional production plants in Poland and Hungary, United Petfood Group operates now 21 pet food facilities situated in 9 different European countries. The takeover is in line with the strategy of United Petfood to reinforce and grow the business.

The LKT Team involved: Pál Rahóty, Counsel and György Tóth, Senior Associate (M&A); Iván Sólyom, Partner, Head of Corporate and M&A (Antitrust); Tamás Balogh, Senior Associate and Szandra Remete, Associate (Real Estate).