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Article: Wimm-Bill-Dann Acquires Ochakovo Dairy Plant.
- Article from:
- Business Wire
- Article date:
- November 16, 2006
CopyrightCOPYRIGHT 2006 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MOSCOW -- Wimm-Bill-Dann Foods [NYSE: WBD], Russia's leading producer of food and beverage products, today completed the acquisition of the Moscow-based dairy producer Ochakovo. The transaction has already been approved by the Federal Anti-Monopoly Service of the Russian Federation. This deal is in line with Wimm-Bill-Dann's declared strategy of expanding its business through the selective acquisition of successful companies which occupy leading market positions in their respective regions and possess strong brand portfolios.
Ochakovo Dairy Plant is the forth largest dairy producer in Russia and one of the largest dairy enterprises in Moscow. According to AC ...