Scandi Standard makes a strategic investment to prepare for future growth
Scandi Standard has agreed to acquire an integrated state-of-the-art poultry processor in Lithuania from a group of local entrepreneurs. The transaction is expected to be completed during Q4 2024, at which point the acquired business will be transferred in an inactive state. The deal comprises an advanced processing plant, poultry farms, and land plots, which are all located in a favourable geographic location. Scandi Standard expects to produce 20-25 ktonnes grill weight (GW) from 2025 at a very competitive cost level. The cash purchase price of 23.5 MEUR (appr. 270 MSEK), on a debt and