Jurijs Adamovičs, the largest shareholder of APF Holdings (hereinafter – APF), which includes one of Latvia’s largest poultry and egg production companies Aluksne Poultry Farm has founded a new food production group Agrova International. The new group aims to become a rapidly growing European player in poultry farming, egg production, and innovative egg-based products.
Agrova International has acquired the APF shares owned by J. Adamovičs and will also purchase new production assets across Europe, building Agrova International into a multinational group with diversified operations in several countries. Announcements regarding the addition of new assets to the Agrova group are expected within the next 3–6 months.
APF, in turn, will continue its development in the Baltic region as part of Agrova International and will remain a publicly listed company on Nasdaq Riga.
The development of Agrova International will be financed through both J. Adamovičs’s investments and capital raised from international financial investors for new asset acquisitions. In parallel, Agrova International will invest EUR 25 million next year in the development of Aluksnes putnu ferma to further strengthen the company’s operations in the Latvian and Baltic markets.
“The purpose of establishing Agrova is to significantly expand our market presence across Europe by creating synergies between the already successful APF group and its Aluksne poultry farm, and new production companies from other countries that we plan to integrate into the Agrova group. I have no doubt that existing APF shareholders will also benefit, as Agrova’s formation will attract new investment and open broader development opportunities in the future. The successful growth of APF and its innovative approach to egg and egg protein product manufacturing have provided the impetus to create this new international group, as I see a growing and sustainable demand for egg protein products not only in the Baltics. Agrova’s goal is to seize this opportunity and expand beyond the region,” says Jurijs Adamovičs, Founder of APF Holdings and Agrova International.
About APF Holdings: AS APF Holdings (Nasdaq Riga First North: EGG) is a dynamic and vertically integrated group specializing in poultry farming, egg production and trade, as well as in biogas and organic fertilizer production linked to poultry farming. The group includes: SIA Alūksnes putnu ferma (poultry farming and egg production), SIA APF Trading (wholesale of chicken eggs), SIA Oluksne (poultry farming and egg production services), SIA APF Energy (gas and organic fertilizer production), and SIA Preiļu putni (rearing of young hens). Established in 2017, APF Holdings has become one of the leading poultry sector players in the Baltics, offering innovative, sustainable products that meet the highest standards of food quality, safety, and animal welfare. More information: www.apf.lv, LinkedIn.