Scandi Standard acquires poultry farms in Lithuania
Scandi Standard has agreed to buy six poultry farms in Lithuania. Once the deal is completed, our operations in Lithuania will become self-sufficient in chicken supply.
In 2024, Scandi Standard acquired a modern poultry processing facility in Lithuania. As part of that deal, the company also bought farms that could produce up to 6,000 tonnes of chicken per year (measured as grill weight). With the six new farms, Scandi Standard can produce up to 25,000 tonnes per year in a single shift, making the Lithuanian operations self-sufficient.
Jonas Tunestål, CEO of Scandi Standard, says:
“This deal speeds up our ability to combine low-cost production with full control over animal welfare, food safety, and product quality in Lithuania. Combined with our recent acquisition of two of Europe’s most efficient breaded product lines in the Netherlands, we can now offer high-quality products to some of Europe’s most demanding customers. In addition, the Lithuanian operations help us serve the more price-sensitive segments in our home markets.
I’m happy with the strong start in Lithuania and confident that the integrated operations there will already 2026 generate an EBIT per kilo above our 2027 group target of SEK 3. I expect the deal to increase earnings per share from day one and contribute to a higher EBIT margin for the Scandi Group.”
As part of the 2024 transaction, Scandi Standard acquired land suitable for building new farms. By buying existing farms now, the supply chain integration will move faster, while the land can be used later to double capacity in Lithuania as production in the Netherlands increases.
Read the full press release for more details: Scandi Standard (SCST SS) accelerates build-up of integrated business model in Lithuania | Scandi Standard