Penta to buy Debreceni Hús

The transaction has been cleared by the Hungarian and Slovakian competition authorities, according to the announcement.

 Czech-Slovak private-equity company
Penta has taken over Hungary’s Debreceni Hús, Hungary’s
second largest meat group, The company will be part of a Central
European meat holding currently being established and will
participate in the development of the holding, Debreceni Hús
chairman and owner Gyula Román was elected to the supervisory
board, István Kovács will continue to serve as the CEO
of Debreceni Hús.

The Debreceni Hús group had
sales revenue of €130 million last year, commanding 20% of
Hungary’s meat market and 10% of the country’s meat-product
market, the statement said. Group members include Csaba Hús,
Debreceni Hús, Kapuvári Hús and Szole-Meat.

Penta became the leader on the
Slovakian meat market this month with the acquisition of 100% of the
Slovakia’s Mecom group. Penta acquired 100% of PM Zbrojniky, one
of the four largest meat companies in Slovakia, in February 2007.