SAVENCIA confirms finalizing the acquisition of OAO BELEBEY in Russia
January 10, 2018
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.