Penta sells Mecom Group to US-based trade buyer

The GP exits the company 13 years after acquiring Mecom Humenne in 2008.

During the 13-year holding period, the GP said it was able to turn Mecom into a viable meat processing company, and achieve "excellent economic results".

In 2016, Mecom was faced with bankruptcy proceedings, which were later terminated. The local media at that time reported that the company had been making losses for some years, but that its sales had grown over the last four years and reached €98m in 2015. In 2020, it had a turnover of €130m. 

The deal is subject to regulatory approval from authorities in Slovakia and Hungary.

Company
Founded in 2008 by Penta, Mecom is a meat processing company with plants in Slovakia and Hungary. Mecom exports up to 54% of its products, with its largest export markets being Hungary, the Czech Republic and Germany. The company employs more than 1,400 people and in 2020 generated a turnover of €138m. 

People 
Penta Investments – Marián Slivovič (partner). 
Smithfield Foods – Luis Cerdan (executive vice-president, European business).