The international agro-holding MHP, specializing in food products and agrotechnologies, made a series of key acquisitions in the international market in 2024, investing a total of $40.9 million. In particular, the company acquired 100% of the shares of Toni d.o.o. in Croatia for $14.3 million, 70% of the shares of KK & Sons Group Ltd in the UK for $3.9 million, as well as invested $15.6 million in the “Ukrainian Meat Hut” and $7.1 million in MHP Desert Hills for Poultry Company, located in Saudi Arabia.
This is reported by Finway
The acquisition of Toni d.o.o. aims to strengthen the stability of the grain supply chain in the Slovenian and Croatian markets, while the deal with KK & Sons Group will enhance the agro-holding’s logistics capabilities both in Ukraine and abroad.
Regarding the meat processing enterprise “Ukrainian Meat Hut,” the agreement was concluded in April of last year. After that, MHP gradually gained control over this investment object.
As for the investment in MHP Desert Hills for Poultry Company, in June 2024, MHP and Desert Hills Veterinary Services Company Limited (DHV), a subsidiary of Tanmiah Food Company, completed the registration process for this company, which specializes in poultry farming in Saudi Arabia. MHP owns 45% of the shares, while DHV controls the remaining 55%. Overall, MHP’s investment volume for 2024 reached $333 million, indicating an increase from $228 million in the previous year.