NEWS FEED & ADDITIVE MAGAZINE January 2023 79 Cherkizovo Group, Russia’s largest meat producer, won an auction to purchase the assets of the Zdorovaya Ferma group of companies, the largest poultry producer in the Urals. The deal will enable the company to achieve broiler meat production in excess of 1 million tonnes of live-weight meat per year. On Tuesday, December 20, the Auction House of the Russian Federation held an open auction to sell the assets of the Zdorovaya Ferma group of companies. The seller was non-core asset bank Trust. The single lot included 100% interest in Ural Meat Company LLC, Zdorovaya Ferma Group of Companies LLC, Zdorovaya Ferma Deli Meats LLC, Zdorovaya Ferma Trading House LLC, JSC Uralbroiler, and rights to claim against the above legal entities held by Trust and JSC Komsomolskaya Poultry Farm. The winning bidder was AIC Mikhailovsky (part of Cherkizovo Group). Previously, the company secured a preliminary approval of Russia’s Federal Antimonopoly Service to acquire the above facilities. The total deal value will be RUB 5 bn (US$73 million), including debt of RUB 1 bn. Legal support for the deal was provided by Birch Legal, with financial and tax due diligence carried out by Business Solutions and Technologies. Read more>> Cherkizovo Group acquires the largest poultry producer of Urals Tyson Foods announced Brady Stewart as Group President, Fresh Meats, who will begin his new role at the start of the new year. Stewart will report to President and Chief Executive Officer Donnie King and will be responsible for strengthening the competitiveness of the company’s beef and pork businesses through innovation, technology, data and analytics. Stewart’s focus will also include optimizing business processes and building efficiencies in the operational and commercial activities of the business. “Brady is a well-respected, proven industry leader who will help position us for continued success,” said Donnie King, Tyson Foods President and Chief Executive Officer. “His background in building business strategies that drive outcomes and identify efficiencies across complex supply chains is critical for this role.” Stewart brings more than two decades of experience in the protein industry. He joins the company from Smithfield Foods where he has served as chief operating officer since 2021. In that role, he led Smithfield’s business across its more than 500 company-owned farms and 46 production facilities in the U.S. and developed operating systems that aligned efforts across different segments of the business to drive efficiencies and optimize business activities and outcomes. Read more>> Tyson Foods names Brady Stewart Group President of Fresh Meats Brady Stewart
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