According to its annual report, international food and agrotech company MHP completed several acquisitions in 2024, purchasing 100% of Croatian company Toni d.o.o. for $14.3 million, a 70% stake in UK-registered KK & Sons Group Ltd for $3.9 million, and investing $15.6 million in Ukrainian Meat Hamlet and $7.1 million in MHP Desert Hills for Poultry Company in the Kingdom of Saudi Arabia.
The report notes that the acquisition of Toni d.o.o. was aimed at strengthening MHP’s grain supply chain stability in the Slovenian and Croatian markets, while the purchase of KK & Sons Group is intended to expand the group's logistics capabilities both in Ukraine and internationally.
In April 2024, MHP acquired a 24.9% stake in the meat processing enterprise Ukrainian Meat Hamlet (UMH), subsequently increasing its ownership to 49% in August 2024, with a cumulative investment of $7.5 million. In December 2024, MHP made a prepayment of $7.4 million for the acquisition of the remaining 51% stake, securing full control over the company on January 24, 2025, upon the fulfillment of all contractual conditions.
In June 2024, MHP also established MHP Desert Hills for Poultry Company, acquiring a 45% stake, with the remaining 55% owned by Desert Hills Veterinary Services Company Limited (DHV), giving MHP significant influence over the enterprise.
