Arla Foods has indicated its move to take full control of its Russian joint venture is a “natural step” as it looks to drive rapid growth in the market.
The company announced this morning (3 May) it is acquiring the 25% stake that it did not already own in Arla Foods Artis from current owner Mike Lyasko.
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Lyasko, who heads up the venture, will remain at the helm of Arla’s Russian subsidiary. A spokesperson for the Danish dairy group said that he will become VP of Arla Foods, serving as general manager for the Russian unit.
With Lyasko retaining responsibility for operations in Russia, the spokesperson insisted that it should be “business as usual” in the market.
“The acquisition should be seen as a natural step to cement our long-term business in Russia rather than something that changes our running of things here and now. Our leeway is as strong as it was prior to the acquisition and our plans for investments unchanged. We just prefer to have 100% ownership as we are now engaging more and more in a long-term development of the business,” the spokesperson told just-food.
Arla plans to expand its presence in rapidly growing emerging markets such as Russia. For just-food’s analysts of the group’s growth plans, click here.
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