Green Light for Arla Foods Artis in Russia
Arla Foods Artis LLC, which is 75 per cent owned by Arla Foods and employ a staff of 150, will be headquartered in St Petersburg. Mikhail Lyasko, holds the remaining 25 per cent and will become the Managing Director of the new company.
11/10/07 Arla Foods Artis has been approved by the Russian competition authorities.
The positive message was followed up by a meeting between Arla Foods and its partner, Mikhail Lyasko, in St. Petersburg on October 9 when the final documents were signed. Consequently, the new Russian company, Arla Foods Artis LLC, is now established and can start marketing cheese and butter.
“Russia is an exciting market, which is experiencing very rapid economic development,” says Max Sørensen, who is responsible for Arla Foods’ business in Eastern Europe. “We see long-term potential in our joint company and will now begin to grow the business and get an even better insight into our customers and the Russian consumers’ requirements.”
Arla Foods Artis LLC, which is 75 per cent owned by Arla Foods and employ a staff of 150, will be headquartered in St Petersburg with a substantial office in Moscow. Mikhail Lyasko, holds the remaining 25 per cent and will become the Managing Director of the new company.
