Nestlé has sold its dairy and bottled-water business in the Central Asian nation of Uzbekistan to Lactalis, the France-based dairy giant.
The assets comprise two plants in Namangan, a city in the east of Uzbekistan. After the deal – for which financial terms were not disclosed – is closed Nestlé is to strike a licensing agreement with Lactalis for the Swiss giant’s Nesquik and Nido ready-to-drink dairy brands, as well as bottled-water brand Nestlé Pure Life in Uzbekistan.
Martial Rolland, the market head for Nestlé’s businesses in Russia and Eurasia, said: “We continue to be committed to supply consumers with high-quality products and further grow our brands in Uzbekistan. Lactalis is one of the worldwide leaders in dairy and we are pleased to have found a strong partner for our dairy and water brands in Uzbekistan.”
Nestlé said it will continue to market products in Uzbekistan in categories including confectionery, infant nutrition and coffee.
Lactalis could not be reached for immediate comment outside usual office hours in France.