Thailand’s Charoen Pokphand Foods (CPF), which owns several large pork farming assets in Russia, has expanded its Russian business.
A source familiar with the latest deal said CPF has acquired several pig production assets from Russia’ Adept Group. These include a multi-breeding facility, commercial farms, and small plots of land.
“This is a small part of the group’s business,” the source noted.
The source said that investors have been circling Adept’s pig production assets for a long time, with many expressing interests.
The management company for the sold assets is Novomyasovo LLC, another source confirmed. The LLC was registered in late 2025, and it has authorized charter capital of USD 26.6 million.
“Everything related to meat processing, poultry farming, canning, and retail has been retained. This is a rapidly growing business with good prospects, including new projects,” the source said.
The Adept Group of Companies includes:
- ✅ Novgorodsky Bacon LLC, involved in poultry farming, crop production, and feed production.
- ✅ OJSC Velikonovgorodsky Myasnoy Dvor, a meat processing plant engaged in slaughtering and a full meat processing cycle.
- ✅ CJSC Adept, a trading company with a chain of Novgorodsky Bacon stores in Veliky Novgorod and St. Petersburg. Total production volume is 67,000 tons/year.
Meanwhile, CPF has been operating in Russia since 2006 when Charoen Pokphand Foods (Foreign Investments) LLC (SPFO) was established. In 2009, it launched a feed mill in the Lukhovitsky District, Moscow Region. It then acquired two livestock complexes there.
CPF’s assets are also located in the Nizhny Novgorod, Belgorod, and Voronezh regions. SPFO owns more than 24% of the Kaliningrad Region’s Russia Baltic Pork Invest ASA (RBPI Group).
According to the National Union of Pig Breeders’ rating, in 2025, RBPI Group and SPFO produced 298,000 tons of pork in live weight and accounted for 5% of the market. This ranks them 8th among the top 20 producers included in the rating.
However, this is lower than the 2024 figures, when, according to the rating for that year, production totaled 301,000 tons, for a share of 5.3% and 7th place.
According to SPFO’s financial statements, the company earned a net profit of around USD 8.5 million in 2025. This is the first time this has happened since 2014, which, like previous years, was unprofitable (USD 5.3 million). Revenue was USD 55.8 million in 2025 compared to USD 62.2 million in 2024.