Ehrmann buys Campina in Russia
Germany’s Ehrmann and Dutch FrieslandCampina have signed an agreement for the acquisition by Ehrmann of FrieslandCampina’s Russian subsidiary, Campina.
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 the 100% owner of Campina with its 650 employees and all assets and contractual obligations. Ehrmann will manage the dairy production in Stupino (Moscow region), and develop the established brands Fruttis and Nezhny. Christian Ehrmann, CEO at Ehrmann SE says: “This acquisition reflects Ehrmann’s strategy of growing its market share in Russia with locally produced, strong brands.”
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 at the end of June.