#Ukraine #Kyiv #MHP #poultry #Grupo UVESA

MHP Completes Acquisition of Grupo UVESA

In a significant milestone for the food industry, MHP, a prominent international food and agri company, has successfully concluded the acquisition of over 92% of Grupo UVESA's share capital, a leading vertically integrated producer in poultry and pork in Spain. The completion of this transaction marks a strategic move for MHP as it enhances its operational capabilities and expands its influence in the European market.

The deal was finalized following the completion of the accession period to the Share Purchase Agreement (SPA) signed in March 2025. This included obtaining necessary regulatory approvals from several jurisdictions, including Ukraine, Spain, Saudi Arabia, Serbia, Montenegro, and Kosovo, as well as receiving merger control and foreign subsidies approval from the European Commission. With these clearances secured, MHP has now taken control of Grupo UVESA's core processes and operational activities.

Dr. John Rich, Executive Chairman of MHP’s Board of Directors, expressed enthusiasm as the company transitions into the integration phase. He stated, _“With the deal now finalized, we are moving into the integration phase. Our goal is to build on UVESA's strengths, focusing on operational excellence and sustainable development. We are deeply committed to investing in our team to foster an environment where talent can thrive.”_

The integration will prioritize operational alignment and knowledge exchange while identifying investment opportunities aimed at efficiency and product innovation. MHP and Grupo UVESA will also work together to strengthen export capabilities, targeting both European and Middle Eastern markets for expansion. Antonio Sánchez, President of UVESA, highlighted the transformative potential of this partnership, noting that MHP’s experience in operational innovation will significantly support UVESA’s future growth.

In terms of financials, the transaction was settled in cash at close, with a fixed purchase price of EUR 225 per share, alongside a contingent consideration that may reach up to EUR 21.43 per share, guaranteed by a first-demand bank. This solidifies MHP's investment in a sector with a thriving demand for quality food products.

MHP, known for its commitment to high-quality food production, operates multiple facilities across Ukraine and Southeastern Europe, focusing on sustainable practices and modern agricultural technologies. The company is a strong player in the poultry sector, ranking among Europe’s largest producers and exporting to over 70 countries. MHP has earned recognition as one of Ukraine's top employers and a leading taxpayer in the agricultural sector, reflecting its significance in the local economy.

Grupo UVESA has a 60-year legacy in Spain's food industry and is highly regarded for its quality standards within poultry and feed production. Its facilities incorporate advanced technology to uphold stringent food safety practices, ensuring the health and welfare of the livestock it raises. This acquisition allows UVESA to bolster its operational excellence while benefiting from MHP's extensive international network and expertise.

In addition to operational growth, MHP continues to emphasize its role in the community, supporting local initiatives, cultural preservation, and assistance for armed forces veterans and their families through its MHP Standing Together program. This commitment to social responsibility intertwines with its business strategy, promoting a sustainable approach to food production and community involvement.

Looking ahead, the collaboration between MHP and Grupo UVESA is poised to unlock new opportunities for both companies, driven by operational excellence, innovation, and a shared vision for sustainable development in the agri-food sector. As they integrate their operations, the food industry will witness a robust alliance that emphasizes quality and efficiency, catering to the increasing consumer demands for reliable and nutritious food products.