Wimm-Bill-Dann acquires 100% of the share capital of Pervouralsk City Dairy Plant
The number of manufacturing facilities comprising Wimm-Bill-Dann Group of Companies now reach 30.
26/01/06 UFAMOLAGROPROM OJSC, a subsidiary of Wimm-Bill-Dann Foods OJSC, has announced the acquisition of 100% of the share capital of Pervouralsk City Dairy Plant LLC in the Sverdlovsk region. The number of manufacturing facilities comprising Wimm-Bill-Dann Group of Companies has now reached 30.
Following its strategy of regional expansion, Wimm-Bill-Dann acquired a new dairy plant in the city of Pervouralsk in the Sverdlovsk region. Prior to the acquisition the Company did not have its own production in the region.
The plant was put into operation in 1970; its designed capacity is 120 tons per day. Currently the plant processes up to 20 tons of milk per day and specializes in the production of natural dairy and curds products, as well as drinking yogurts under the "Snegirevo" brand. The plant employs 165 people.
The acquisition of Pervouralsk City Dairy Plant allows Wimm-Bill-Dann to explore new dairy markets, expand the geography of sales and optimize logistic expenses, thus eliminating the necessity of additional transportation of the Company's products across the regions.
Initially the products will be manufactured under the "Snegirevo" brand. The Company envisages launching its own "Domik v derevne" and "Vesely molochnik" brands in the future.
Wimm-Bill-Dann Foods OJSC is a leading manufacturer of dairy products and beverages in Russia. The company was founded in 1992.
The Company currently owns 30 manufacturing facilities in Russia and the Commonwealth of Independent States (CIS), as well as trade affiliates in 26 cities in Russia and the CIS.
Wimm-Bill-Dann has a diversified branded portfolio with over 1,100 types of dairy products and over 150 types of juice, nectars and still drinks. The company currently employs over 17,000 people.
Wimm-Bill-Dann was awarded Grand Prix for Best Overall Investor Relations in 2004 - Small & Mid cap companies and Best Investor Relations Officer in 2004- Small & Mid cap companies at the Second Annual IR Magazine Russia Awards held in December 2004 and organized by IR Magazine and the Association of Investor Relations Professionals. Wimm-Bill-Dann previously received the Grand Prix for Best Overall Investor Relations in 2003- Small & Mid cap - at the first annual IR Russia Awards Ceremony held in Moscow last year.
