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ForFarmers signs agreement to acquire Polish producer STW

Animal feed producer ForFarmers is expanding its Polish operations through its subsidiary Tasomix, targeting the acquisition of a production site in the eastern part of the country. The transaction remains subject to approval by the Polish competition authority.


ForFarmers signs agreement to acquire Polish producer STW

Agreement signed, finalization expected in early 2027

ForFarmers announced on September 16, 2026 that it had signed an agreement to acquire, through its Polish subsidiary Tasomix, 100% of the shares of STW SA, an animal feed producer based in Sokołów Podlaski, in eastern Poland.

The transaction is part of the group's growth strategy aimed at strengthening its position on the Polish market, particularly in the poultry, ruminants and pork segments.

The transaction is subject to approval by the Polish competition authority. Its finalization is expected for early 2027.

The perimeter acquired includes the feed business and its production site, as well as the product and customer portfolio. It excludes feed logistics and poultry farming by the Leszczyński family.

A capacity of 270,000 tonnes and 76 employees

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STW SA was founded in 2016 and is owned by the Leszczyński family. The company operates a feed production facility in eastern Poland and is also active in feed logistics and poultry farming.

Following recent investments, annual feed production capacity has been increased to approximately 270,000 tonnes. The company employs 76 staff members.

Tasomix, present in Poland for over 35 years and integrated into ForFarmers since 2018, has been collaborating with STW SA for several years, which already manufactures for Tasomix under this partnership.

According to Paweł Świerkula, Chief Executive Officer of Tasomix, the transaction concerns the acquisition of the production site and product and customer portfolio, and should enable efficiency gains in production and logistics.

Strengthened cooperation with the Leszczyński family

Beyond the acquisition of the feed business, Tasomix and the Leszczyński family have indicated their desire to strengthen their cooperation, notably in logistics and feed supply for the Leszczyński family's poultry farming operations.

Michał Leszczyński, Chief Executive Officer of STW SA, stated that the transaction provides in his view a foundation for continued growth and development, combining local rootedness with the scale and expertise of ForFarmers and Tasomix.

ForFarmers, listed on Euronext Amsterdam, has production operations in the Netherlands, Germany, Poland and the United Kingdom, and employs approximately 3,000 people.



Sector Agroalimentaire et boissons Agriculture / semences


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Context

Period
  • Period: S1 2026
Key reported figures
  • Revenue: 1 577 millions d'euros
  • Quarterly revenue: 1 577 millions d'euros
  • EBITDA: 80,8 millions d'euros
  • EBITDA margin: 25,9 %
  • Net income: 26,3 millions d'euros
  • Free cash flow: 44,9 millions d'euros
  • 22,4 millions d'euros
Risks mentioned
  • Le résultat net d'exploitation dépend de la finalisation prévue à l'automne de la transaction avec KPS, non encore effective
  • Les volumes en comparable (like-for-like) sont restés stables, sans croissance organique réelle
  • Le flux de trésorerie opérationnel a diminué à 44,9 M€ contre 63,8 M€ au S1 2025
Opportunities identified
  • Approbation de l'autorité polonaise de la concurrence pour la joint-venture avec KPS Food Group en Pologne
  • Renforcement de la position sur le marché avicole polonais en forte croissance
  • Fortes performances aux Pays-Bas, en Allemagne et en Pologne stimulant la marge brute

The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.

Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.

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