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
Source: foodbev.com
Danone has appointed Carla Hilhorst to the newly created position of senior vice president of research and innovation categories and zones, as the company looks to make science the heart of its business. Hilhorst, who brings over 30 years of experience in research and innovation, will report directly to Isabelle Esser, Danone’s chief research, innovation, quality and food safety officer.
The move, part of Pernod Ricard’s strategy to enhance its premiumisation efforts, will allow the company to focus more resources on its portfolio of premium international spirits and champagne brands that drive the growth of its business. This decision aligns with the company’s commitment to delivering sustainable value for shareholders, employees, clients and partners.
Schai – who is the current CEO of Swiss chocolate company Lindt & Sprüngli’s Australian operation – has previously worked with Aryzta from 2015-2018, where he served in roles including managing director for Asia Pacific and global strategic business lead (McDonald’s). The fast-food giant McDonald’s is one of Aryzta’s significant clients.