Scandi Standard has agreed to acquire Glenhaven Foods, an Ireland-based producer of frozen breaded chicken products, for an enterprise value of EUR127 million, a deal that gives the Swedish poultry group unutilised production capacity and a stronger manufacturing base in one of Europe's largest value-added chicken markets.

The acquisition is expected to increase Scandi Standard's earnings per share by more than 10 per cent and will be financed through a SEK408 million rights issue, available credit facilities and an interest-free vendor note covering roughly one-third of the purchase price. The transaction values Glenhaven at an EV/EBIT multiple of approximately 8.2 times 2025 normalised earnings and is expected to close in the third quarter of 2026, subject to customary conditions.

Scandi Standard is a Sweden-headquartered poultry company that already operates in Ireland through its Manor Farm business, and is pursuing an ambition to become Europe's leading chicken company.

Glenhaven Foods, founded in 1986 and based in Arklow, Co. Wicklow, produces frozen value-added poultry products for retail, foodservice and quick-service restaurant customers across Ireland and the UK, and employs approximately 190 people.

Barry Cahill, CEO and co-owner of Glenhaven Foods, said Scandi Standard and Manor Farm bring the scale to help the business grow while preserving what he called the family values that make Glenhaven what it is today.

The deal reflects consolidation in Europe's value-added poultry sector, where processors are acquiring existing capacity rather than building new plants to meet growing demand for ready-to-eat and convenience formats, a trend also visible in poultry consolidation across Spain, Hungary and Ukraine this year.

The timing aligns with strong momentum in Ireland's poultry sector, where value-added poultry exports grew 17 per cent in 2025 to €230 million, with the UK as the leading market, according to Teagasc.

For Scandi Standard, the acquisition builds on Manor Farm's existing Irish base, creating scope to combine sourcing, processing and distribution across both businesses' UK and Ireland customer relationships.

The wider signal for the sector is that family-owned poultry processors with spare capacity remain attractive acquisition targets, as larger groups seek scale in value-added categories without the cost and lead time of greenfield investment.

Source: WATTPoultry.com / Teagasc