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SAVENCIA confirms finalizing the acquisition  of OAO BELEBEY in Russia

January 10, 2018

PRESS RELEASE

SAVENCIA Fromage & Dairy confirms finalizing the acquisition
of OAO BELEBEY in Russia

SAVENCIA Fromage & Dairy announces that it has successfully closed the acquisition of OAO BELEBEY in Russia on December 22, 2017, following the approval of the applicable competition authorities.

OAO BELEBEY is a specialized manufacturer of pressed cheeses, located in the Republic of Bashkortostan, an important milk-producing region, and possesses a significant milk collection zone.

This acquisition project is an integral component of SAVENCIA Fromage & Dairy’s strategy of international growth. The Group presence in a country with a high level of cheese consumption will help to develop a strong position for specialty brands in the Russian market.

 

About SAVENCIA Fromage & Dairy

SAVENCIA Fromage & Dairy is a leading global milk processor, the N° 2 French cheese group and N° 4 worldwide, with net sales of €4.4 billion. Focusing on cheese and other dairy specialties, SAVENCIA Fromage & Dairy is an independent family group listed with Euronext Paris.