Finnish food company the Fazer Group has acquired a bakery in Moscow called OAO Experimentalny Konditersko-Bulochny Kombinat “Zvezdny”.
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Zvezdny is one of the biggest manufacturers of bake-off pizza and frozen dough in Russia, Fazer said. The bakery also manufactures pastries and fresh bread. In line with the group’s strategy, the acquisition of the Zvezdny bakery considerably strengthens the position the group has in the bakery business in Russia.
“We have very positive experiences in St. Petersburg and the expansion of our operations to Moscow, where there are more growth opportunities, is a natural step,” said group president Berndt Brunow. “In Moscow, our long-term goal is to achieve a central position in the bakery market. Being situated in Moscow, we have better opportunities for expansion to other locations in Russia.”
