France’s Savencia Fromage & Dairy has taken a majority stake in Russian cheese maker OAO Belebey, a subsidiary of the Neral Group.
The financial details of the transaction were not disclosed in a statement yesterday (17 October) announcing the deal, which is subject to regulatory approval.
Belebey’s product offering encompasses a portfolio of recognised brands and quality products: traditional Russian cheeses marketed under the Belebeevsky brand and speciality cheeses under the Belfor and Belster brands.
Founded in 1932 and operating in the Republic of Bashkortostan, an important milk-producing region in Russia, Belebey “possesses a significant milk-collection zone and high-performance manufacturing facilities”, the statement said.
“Thanks to this establishment in a country with high cheese consumption, the group will be able to develop a major position in the Russian market with speciality brands,” Savencia added.
See Also:
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData