Thailand’s Charoen Pokphand Foods (CPF) has taken another step in consolidating its presence in Russia’s pork sector. The company acquired several assets from Novgorod-based Adept Group, including a multi-breeding facility, a feedlot, commercial farms, and small land plots.
Sources confirmed that Novomyasovo LLC, registered in late 2025 with charter capital of USD 26.2 million, will manage the acquired assets.
Adept Group retains core businesses
While CPF secured the pig-breeding facilities, Adept Group kept its other operations. These include meat processing, poultry farming, canning, and retail, which remain under Adept’s control.
The group’s portfolio features Novgorodsky Bacon LLC, OJSC Velikonovgorodsky Myasnoy Dvor, and CJSC Adept, which together produce 67,000 tons annually. Adept continues to see strong prospects in these retained businesses, with new projects underway.
CPF’s long-term presence in Russia
CPF has operated in Russia since 2006, when it established Charoen Pokphand Foods, Foreign Investments (SPFO) LLC. In 2009, it launched a feedmill in Moscow Region and later acquired livestock complexes.
Its assets now span Nizhny Novgorod, Belgorod, and Voronezh regions. CPF also owns more than 24% of Russia Baltic Pork Invest ASA (RBPI Group) in Kaliningrad.
Market performance and financial results
According to the National Union of Pig Breeders, RBPI Group and SPFO produced 298,000 tons of pork in live weight in 2025, accounting for 5% of Russia’s market. This ranked them eighth among the top 20 producers, slightly down from seventh place in 2024.
Despite lower production, SPFO reported a net profit of USD 8.4 million in 2025, its first profit since 2014. Revenue reached USD 55 million, compared to USD 61.4 million in 2024.
Strategic implications
The acquisition signals CPF’s commitment to strengthening its Russian pork operations despite market fluctuations. By adding Adept’s breeding facilities, CPF enhances its production base while Adept focuses on growth in processing and retail.
The deal reflects ongoing investor interest in Russia’s pork sector, where demand remains steady despite economic challenges.