Rostyslav Vovk, co-founder and CEO of Ukrainian pet food manufacturer Kormotech, has valued the company at approximately €450 million and announced plans for a major expansion across Eastern European markets. The company’s strategic objective is to become one of the world’s 30 largest pet food manufacturers, with mergers and acquisitions expected to serve as one of its key growth instruments.
Vovk disclosed the valuation during the Vyshcha Liha podcast on the LIGA Business YouTube channel. According to him, the company’s revenue is already approaching €200 million and continues to grow steadily, supporting an estimated market valuation of approximately €450 million.
The CEO said Kormotech currently ranks 51st among the world’s largest pet food manufacturers. He expects the company to move up to 48th place in the global ranking based on its 2025 results.
According to Vovk, Kormotech’s long-term strategy is aimed at transforming the company into one of the industry’s global leaders. In addition to entering the world’s top 30 manufacturers, the company intends to significantly diversify the geographical structure of its business. While the Ukrainian market currently remains its main source of cash flow, Kormotech expects to establish similarly significant positions in several Eastern European markets over the next five years.
The company considers Romania and Bulgaria to be priority markets for its international expansion. In these countries, Kormotech plans to overcome market-entry barriers, strengthen the recognition of its own brands and eventually secure a market share of at least 8–10% in each selected market.
Kormotech also intends to use mergers and acquisitions to implement its growth strategy. According to Rostyslav Vovk, the company has already developed an M&A strategy and begun implementing it. Kormotech is considering the acquisition of both international and Ukrainian businesses, although it has not yet disclosed details of the projects already under way.
Kormotech is Ukraine’s largest pet food manufacturer and operates as an international family-owned company with Ukrainian roots. Its production facilities are located in the village of Prylbychi in Ukraine’s Lviv region and in the Lithuanian city of Kėdainiai, enabling the company to serve European markets.
Kormotech products are available in 39 countries worldwide. The company produces pet food under the Optimeal, CLUB 4 PAWS, Delickcious, Hav!, Miau! and My Love brands. The continued expansion of its international presence and implementation of its M&A strategy are expected to become the key drivers of further business growth and strengthen the Ukrainian manufacturer’s position in the global pet food market.
