A pig farm under construction in NovgorodInterfax | 10 April 2026
Thailand's Charoen Pokphand Foods acquires pig-breeding assets of Russian Adept Group - source
MOSCOW. April 10 (Interfax) - Thailand's Charoen Pokpand Foods (CPF), which owns several large pork farming assets in Russia, has expanded its Russian business.
A source familiar with the latest deal told Interfax that the company has acquired several pork farming assets from Novgorod-based Adept Group. These include a multi-breeding facility, a feedlot, commercial farms, and small plots of land. "This is a small part of the group's business," the source noted.
The source said that investors have been circling Adept's pork farming assets for a long time, with many expressing interest.
The management company for the sold assets is Novomyasovo LLC, another source confirmed. The LLC was registered in late 2025, and it has authorized charter capital of 2.05 billion rubles.
As for the group's other businesses, they remained with the previous owner. "Everything related to meat processing, poultry farming, canning, and retail has been retained. This is a rapidly growing business with good prospects, including new projects," the source said.
The sources have not disclosed the transaction amount.
Interfax has sent a request to the group.
The Adept Group of Companies includes Novgorodsky Bacon LLC, involved in poultry farming, crop production, and feed production; OJSC Velikonovgorodsky Myasnoy Dvor, a meat processing plant engaged in slaughtering and a full meat processing cycle; and CJSC Adept, a trading company with a chain of Novgorodsky Bacon stores in Veliky Novgorod and St. Petersburg. Total production volume is 67,000 tonnes per year, according to the group's website.
CPF has been operating in Russia since 2006, when Charoen Pokpand Foods, Foreign Investments (SPFO) LLC was established. In 2009, it launched a feed mill in the Lukhovitsky District, Moscow Region. It then acquired two livestock complexes there. The company's assets are also located in the Nizhny Novgorod, Belgorod, and Voronezh regions. SPFO owns more than 24% of the Kaliningrad Region's Russia Baltic Pork Invest ASA (RBPI Group).
According to the National Union of Pig Breeders' rating, in 2025, RBPI Group and SPFO produced 298,000 tonnes of pork in live weight and accounted for 5% of the market. This ranks them 8th among the top 20 producers included in the rating. However, this is lower than the 2024 figures, when, according to the rating for that year, production totaled 301,000 tonnes, for a share of 5.3% and 7th place.
According to SPFO's financial statements, the company earned a net profit of 654.5 million rubles in 2025. This is the first time this has happened since 2014, which, like previous years, was unprofitable (409 million rubles). Revenue was 4.3 billion rubles in 2025 compared to 4.8 billion rubles in 2024.