OREANDA-NEWS   Large foreign food companies are reviewing their portfolio of assets in Russia. So, the American Mars is looking for buyers for a sauce factory in the Moscow region, which could not provide the desired sales volumes and profits.

The asset may be of interest to other players, but it is unlikely to be possible to complete the transaction quickly, experts say. Mars is looking for buyers for a sauce factory in Lukhovitsy, Moscow region, sources told Kommersant among product manufacturers, including those who received an offer to acquire the asset. Kommersant has a copy of the presentation for investors. The complex includes a production line with a capacity of 20 thousand tons of sauces per year, there is a railway line on the border of the territory. Brands are not included in the deal, sources tell Kommersant. The asset is estimated by the seller at 370 million rubles.

American Mars is a major manufacturer of confectionery, food and pet food. The brand portfolio includes Mars, Snickers, Milky Way, Bounty, Twix, Skittles, M&M's, Orbit, Pedigree, Whiskas. He manages ten factories in Russia. In 2021, the revenue of Mars LLC increased by 11.4% to 155.48 billion rubles, net profit decreased by 5.8% to 17.2 billion rubles.

The company in Lukhovitsy initially produced soups in aseptic packaging under the Gurmania brand, but in 2010 it was decided to withdraw the product from the market, and the plant switched to the production of Dolmio and Ben's Original sauces (formerly Uncle Ben's).