U.S.-based Smithfield has agreed to buy a 100% stake in Elit SRL and Vericom SRL for an undisclosed sum, the Chinese pork producer said in a statement to the Hong Kong stock exchange.
The deals are conditional on obtaining approval from antitrust authorities.
The two Romanian companies operate three packaged meats manufacturing units and have five distribution centers in Romania. They sell about 25,000 tons of packaged meats each year, with the capacity to grow to 45,000 tons, to 12,000 customers through a nationwide distribution network.
WH Group expects the acquisitions to give Smithfield a leading position in the Romanian packaged meats market with a branded portfolio of products sold in the higher margin traditional channel.
In August, WH Group through Smithfield acquired Pini Polska, Hamburger Pini and Royal Chicken in Poland, as part of its European expansion efforts.