Type
Merger/Acquisition
Country
Poland
Region
Polnocno-Zachodni; Zachodniopomorskie; Koszalinski
Location of affected unit(s)
Koszalin
Sector
Manufacturing
Manufacture Of Food And Beverage
Manufacture Of Food Products
10 - Manufacture of food products

700 jobs
Number of planned job creations
Job creation
Announcement Date
19 August 2005
Employment effect (start)
1 May 2006
Foreseen end date

Description

Agros,a bankrupted meat processing company from Koszalin, was purchased by Royal Greenland Seafood. The Danish company decided to invest €20 million in Koszalin. According to investor's plans, the whole construction of the most modern European facility of fish and sea fruits processing will be concluded till the end of 2009 (the Danish company will modernise almost 11000 square metres of space, that was formerly owned by Agros). In the first phase of undertaking, an area of 2500 square metres will be adapted for preparing fish-fillets. Production will start by spring 2006.


Sources

  • 19 August 2005: PAIiIZ

Citation

Eurofound (2005), Royal Greenland Seafood, Merger/Acquisition in Poland, factsheet number 62129, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62129.