November 17, 2006

Russia's Wimm-Bill-Dann buys Moscow dairy producer

Russian juice and dairy maker Wimm-Bill-Dann said it had bought Moscow-based dairy producer Ochakovo, the fourth largest dairy producer in Russia, for an undisclosed sum.

A company statement said the Federal Anti-Monopoly Service of Russia has already approved the deal.

The company quoted AC Nielsen data as saying that Ochakovo's average market share in 2006 was 3.1 percent of the Russian and 8.4 percent of the Moscow dairy market.

Wimm-Bill-Dann, founded in 1992, owns 33 manufacturing facilities in Russia and the Commonwealth of Independent States as well as trade affiliates in 26 cities in Russia and the CIS.