June 1, 2021
Russian subsidiary of FrieslandCampina acquired by Ehrmann
FrieslandCampina's Russian subsidiary Campina LLC. has been acquired by Ehrmann, FrieslandCampina announced on May 25.
Both companies hold strong positions in different segments of the Russian dairy market. This strategic transaction accelerates Ehrmann's position in Russia and allows FrieslandCampina to focus on consumer markets elsewhere.
Following the completion of the transaction, Ehrmann will be the full owner of Campina LLC with its 650 employees, including all assets and contractual obligations. The company will manage dairy production in Stupino, Moscow region, and develop established brands Fruttis and Nezhny.
Christian Ehrmann, chief executive officer of Ehrmann SE, said: "This acquisition reflects Ehrmann's strategy of growing its market share in Russia with locally produced, strong brands."
Roel van Neerbos, president FrieslandCampina Food & Beverage said: "This divesture is part of FrieslandCampina's previously announced strategy to review its position in various markets. Under Ehrmann's umbrella, our Russian consumer dairy business will be able to further develop and realise its full growth potential."
The agreement is subject to approval of the Federal Antimonopoly Service of the Russian Federation, as well as authorities in Kazakhstan, Uzbekistan and Belarus.
Closing of the transaction is expected end of June 2021.