Partner in Pet Food (PPF), the European pet food manufacturer, announces that it has reached an agreement to buy Mispol S.A.
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 complementary to PPF, given its geographical presence, and strong growth prospects, and reflects PPF’s strategy to further expand its business and develop product offering in all categories. Mispol is owned by Lithuanian investment company NDX Group.
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.
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.”
The transaction is expected to be completed in the coming months, subject to customary regulatory approvals and contractual closing conditions.