Sector News

FrieslandCampina to sell Russian subsidiary to Ehrmann

May 30, 2021
Consumer Packaged Goods

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

comments closed

Related News

February 25, 2024

The Body Shop faces store closures, layoffs and ingredient surplus after Aurelius acquisition

Consumer Packaged Goods

Recent reports reveal The Body Shop will shut up to half of its 198 stores in the UK and cut the size of its head office, incurring hundreds of job losses. According to the firm overseeing the restructuring of the beauty retailer, closures will begin this Tuesday.

February 25, 2024

Kroger and Albertsons face lawsuits to block $24.6bn merger – Bloomberg

Consumer Packaged Goods

Amidst brewing tensions, the US Federal Trade Commission (FTC) and a coalition of states are poised to take legal action as early as next week, aiming to prevent grocery giant Kroger’s $24.6 billion acquisition bid for Albertsons, Bloomberg reported.

February 25, 2024

Diageo reportedly in talks to offload trio of brands, including Pimm’s

Consumer Packaged Goods

The owner of Guinness and Baileys has hired financial service group Rothschild to explore the sale, which includes Pimm’s, fruit liqueur brand Safari and Pampero rum. Each brand could be offloaded individually or as a three, according to Sky News.

How can we help you?

We're easy to reach