Smithfield Foods to acquire Mecom Group from Penta Investments.

Smithfield Foods, a company engaged in meat business, agreed to acquire Mecom Group, a meat processing company, from Penta Investments, a private equity firm. Financial terms were not disclosed. "I am pleased that our confidence in the high quality production facilities and operational excellence of Mecom has been rewarded and confirmed by the great interest shown in the business by leading global players in this industry that participated in the sales process. Crucial to the success has been the outstanding commitment, drive and industrial expertise of the management team, led by Ladislav Čechovič. Over the course of the last 13 years, we have been able to turn the Mecom Group into a viable meat processing company, whose leading market positions in Slovakia and Hungary is complimented with excellent economic results," Marián Slivovič, Penta Partner.