Agrofert Acquires Dairy Company

The Czech food processor Agrofert has acquired a 54% share in Milkagro, a company that controls dairy firm Olma Olomouc. Agrofert produces a number of meat products and by investing into Milkagro it is pressing ahead with its strategy of diversifying its portfolio of food processing companies. The Czech Republic is home to a buoyant food industry and BMI is forecasting food consumption to grow by 36.36% in value between 2009 and 2013. We note that near-term growth is likely to be restricted by the fact that the country is in recession (we have revised down our forecast to reflect

To read the full article, please choose one of the following options: