Ehrmann and FrieslandCampina have signed an agreement for the acquisition by Ehrmann of FrieslandCampina’s Russian subsidiary Campina LLC. Both companies hold strong positions in different segments of the Russian dairy market. This strategic transaction accelerates Ehrmann’s position in Russia and allows FrieslandCampina to focus on consumer markets elsewhere.
After completion of the transaction, Ehrmann will be 100 percent owner of Campina LLC with its 650 employees, and, including all assets and contractual obligations. Ehrmann will manage the dairy production in Stupino (Moscow region), and develop the established brands Fruttis and Nezhny.
This agreement is subject to approval of the Federal Antimonopoly Service of the Russian Federation, as well as authorities in Kazakhstan, Uzbekistan and Belarus. Closing of the transaction is expected end of June, 2021.