OREANDA-NEWS. Wimm-Bill-Dann Foods [NYSE: WBD], Russia’s leading producer of food and beverage products, today completed the acquisition of the Moscow-based dairy producer Ochakovo. The transaction has already been approved by 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.

Ochakovo Dairy Plant is the forth largest dairy producer in Russia and one of the largest dairy enterprises in Moscow. According to AC Nielsen data, the enterprise’s average market share in 2006 was 3.1% of the Russian and 8.4% of the Moscow dairy market.