Wimm-Bill-Dann Acquires Georgian Foods
The acquisition is in line with Wimm-Bill-Dann’s declared strategy of growing its business by purchasing successful companies with leading market positions and strong brand portfolios.
17/10/07 Wimm-Bill-Dann Foods OJSC, Russia’s leading producer of healthy food products, announced the acquisition of Georgian Foods Ltd, which is based in Tbilisi, Georgia. The acquisition is in line with Wimm-Bill-Dann’s declared strategy of growing its business by purchasing successful companies with leading market positions and strong brand portfolios.
Georgian Foods is the third largest dairy producer in Georgia and one of the largest dairy factories in Tbilisi. The factory began operations in 2002 and produces both traditional and local varieties of dairy products, including milk, matsioni, sour cream and cottage cheese. The plant has been equipped with state-of-the-art equipment from Tetra Pak.
The Georgian Foods plant is Wimm-Bill-Dann’s first production facility in the Caucasus region. In addition to serving local demand in Georgia, the factory will also supply nearby markets in Armenia and Azerbaijan.
