Wimm-Bill-Dann Signs Agreement to Acquire Manros Dairy Company
OREANDA-NEWS. Wimm-Bill-Dann Foods [NYSE: WBD], Russia’s leading producer of food and beverage products, today signed an agreement to acquire an Omsk-based dairy producer Manros, the largest independent dairy manufacturer in Siberia and the Far East. The completion of the transaction is subject to the approval of the Federal Anti-Monopoly Service of the Russian Federation.
This deal is in line with Wimm-Bill-Dann’s declared strategy of expanding its business through the selective acquisition of successful companies which occupy leading market positions in their respective regions and possess strong brand portfolios.
Manros is the largest dairy producer in Omsk Region and one of the largest dairy enterprises in Siberia and the Far East, its annual production capacity stands at around 65,000 tons. Manros is made up of four plants, whose combined processing capacity is 720 tons a day.
For Wimm-Bill-Dann Manros will become the seventh dairy plant, located in the promising regions of Siberia and the Far East, which today constitute 9% of the company’s dairy sales.
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