FrieslandCampina has agreed to divest its Russian subsidiary Campina to German dairy company Ehrmann.
The transaction is expected to strengthen Ehrmann’s position in Russia, while allowing FrieslandCampina to focus on other consumer markets.
The deal will see Ehrmann take full ownership of Campina, which employs 650 people and has production operations in Stupino.
“This divesture is part of FrieslandCampina’s previously announced strategy to review its position in various markets,” said Roel van Neerbos, president FrieslandCampina food & beverage.
“Under Ehrmann’s umbrella, our Russian consumer dairy business will be able to further develop and realise its full growth potential.”
Christian Ehrmann, CEO of Ehrmann, added: “This acquisition reflects Ehrmann’s strategy of growing its market share in Russia with locally produced, strong brands.”
The transaction is expected to close at the end of next month, subject to various approvals.
Last year, restructuring efforts by FrieslandCampina saw the company announce the closure of a number of facilities in Europe, such as its Yoko Cheese packaging facility in Genk, Belgium.
By Antonia Garrett Peel
Cargill will appoint Brian Sikes as its president and chief executive officer on 1 January 2023. The soon-to-be CEO, currently holding the chief operating officer title, has worked at Cargill for 31 years. Dave MacLennan, who has served as Cargill’s CEO since 2013, will assume the role of executive chair of the company’s board of directors.
Comforting colors, feel-good flavors, and unique food and beverage experiences will resonate most with consumers in the new year, according to ADM’s latest Flavor and Color Outlook. ADM anticipates that 2023 will be the year of self-expression, and the company identified four trends that are sure to stand out.
Nestlé’s Nespresso brand will pilot home-compostable coffee capsules on the Nespresso Original system in France and Switzerland from spring 2023 before further launches in several other European countries within a year. The paper-based capsules are touted as a breakthrough in packaging technology after three years of R&D.