This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more.
This Website Uses Cookies
By closing this message or continuing to use our site, you agree to our cookie policy. Learn More
This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more.
Beverage Industry logo
search
cart
facebook twitter linkedin youtube
  • Sign In
  • Create Account
  • Sign Out
  • My Account
Beverage Industry logo
  • Home
  • Magazine
    • Current Issue
    • Digital Edition
    • Archives
    • Annual Manual
    • Newsletter
    • Contract Packaging Guide
  • News
    • Top 100 Beverage Companies
    • 2019 State of the Industry
  • Category Focus
    • Carbonated Soft Drinks
    • Bottled Water
    • Juice & Juice Drinks
    • Sports Drinks
    • Tea and Coffee
    • Energy Drinks & Shots
    • Alternative Drinks
    • Beer
      • Beer Market Report
      • Craft Beer Report
    • Wine & Spirits
    • Cannabis Beverages
    • Plant-Based Beverages
  • R&D
    • Beverage R&D Features
    • Ingredient Spotlight
    • Beverage R&D News
  • Packaging
    • Packaging Material
    • Packaging Equipment
    • New Packages
    • The Packaging School
  • Operations
    • Plant Focus
    • Distribution
      • Fleet Graphics Award
    • Supplier News
  • New Products
    • New Products
    • Product Poll
    • New Product Submission Form
  • Directories
    • Annual Manual
    • Take a Tour
    • Contract Packaging Guide
  • More
    • White Papers
    • Market Insights
    • Market Research
    • Store
    • Custom Content & Marketing Services
    • Events
    • Polls
    • The Beverage Forum
    • BevOps Fleet Summit
  • Multimedia
    • Videos
    • Image Galleries
    • Podcast
    • Interactive Product Spotlights
    • Webinars
  • Contact
    • Advertise
    • Contact Us
Home » PepsiCo to acquire majority stake in Russian dairy and juice company
Beverage News

PepsiCo to acquire majority stake in Russian dairy and juice company

December 7, 2010
Reprints
No Comments

PepsiCo, Purchase, N.Y., agreed to acquire 66 percent of leading branded food and beverage company Wimm-Bill-Dann in Russia for $3.8 billion. The transaction will establish PepsiCo as the largest food and beverage business in Russia.

In connection with the acquisition, PepsiCo will offer to acquire the remaining shares of Wimm-Bill-Dann through an offering after the completion of that acquisition at such terms as are mandated by Russian law, and PepsiCo will be able to acquire additional shares in other transaction, it said.

Wimm-Bill-Dann produces traditional and value-added dairy products and has a solid position in juice, PepsiCo said. The company has more than 16,000 employees and 38 production facilities, said Sergei Plastinin, chairman of the Wimm-Bill-Dann board of directors, in a statement.

The transaction will make PepsiCo a leader in Russia’s fast-growing dairy category and build its presence in key markets in Eastern Europe and Central Asia.

“Adding Wimm-Bill-Dann to PepsiCo’s portfolio is financially attractive and gives us a strong, high-growth platform in the dairy category,” said Indra Nooyi, PepsiCo chairwoman and chief executive officer, in a statement. “It also gives us clear leadership in the food and beverage industry in Russia, a fast-growing, strategically important market offering abundant opportunity. At the same time, Wimm-Bill-Dann’s strong, value-added dairy business immediately advances our global nutrition strategy to provide consumers around the world nutritious foods and beverages that are accessible, affordable and advantaged by science. Dairy has a huge, untapped potential to bridge snacks and beverages. We see the emerging opportunity to ‘snackify’ beverages and ‘drinkify’ snacks as the next frontier in food and beverage convenience.”

PepsiCo anticipates Wimm-Bill-Dann’s nutritious and functional foods will add $3 billion in annual global revenues for a total of $13 billion from nutritional and functional foods. This aligns with PepsiCo’s goal to build a $30 billion nutrition business by 2020, the company said. The transaction is subject to government approvals.
Subscribe to Beverage Industry

Related Articles

Molson Coors acquires majority stake in Chinese beer company

Coca-Cola acquires majority stake in Innocent smoothie company

Campari acquires majority stake in Appleton Estate rum owner

Level 5 Beverage acquires majority stake in Avanzar Sales and Distribution

You must login or register in order to post a comment.

Report Abusive Comment

Subscribe For Free!
  • Print & Digital Edition Subscriptions
  • Beverage Industry Insider eNewsletter
  • Online Registration
  • Subscription Customer Service

More Videos

Popular Stories

Pepsi Sparkling Rose

Pepsi launches Sparkling Rosé at BravoCon

Fairlife Smart Snacks Beverages

Repositioning beverages could aid dairy, non-dairy markets

Owyn protein drink.

Plant-based options gain consumer appeal

PRESS Hard Seltzer

PRESS Premium Alcohol Seltzer meets consumers’ flavor needs

Green Flash Brewing products.

2019 Craft Beer Report: Local breweries thrive as craft beer experiences slowdown

How To, Directory Videos

Events

January 1, 2030

Webinar Sponsorship Information

For webinar sponsorship information, visit www.bnpevents.com/webinars or email webinars@bnpmedia.com.

View All Submit An Event

Poll

Bottled Water Trends

What bottled water trend will see the most gains in 2020?
View Results Poll Archive

Products

Beverage Quality and Safety

Beverage Quality and Safety

Based on an IFT short course, Beverage Quality and Safety offers information on the latest beverage industry trends related to products, processing, and packaging technologies - including new generation nutraceutical beverages

See More Products
webinars and events

Beverage Industry Magazine

Beverage Industry - November 2019

2019 November

Beverage Industry’s November issue highlights the 100-year advocacy of the American Beverage Association and what’s next for CEO Katherine Lugar and a new plastics initiative, Every Bottle Back. This issue includes a special report on craft beer, an Up Close With feature on PRESS hard cider and what is sparking innovation in natural colors. Read more about how protein is powering up beverages and how warehouses are using WMS and WCS systems to streamline operations. As usual, the latest trends in new products, packaging and ingredients are highlighted.

Check back throughout the month for additional content.

View More Create Account
  • More
    • Subscribe
    • Annual Manual
    • Connect with BI
    • Editorial Guidelines
    • eNews
    • Featured Products
    • Food & Beverage Brands
    • List Rental
    • New Products
    • New Product Submission Form
    • Polls
    • Reprints
    • Survey And Sample
    • Want More?
    • Privacy Policy
  • Exclusives
    • Beer Market Report
    • White Papers
    • Videos

Copyright ©2019. All Rights Reserved BNP Media.

Design, CMS, Hosting & Web Development :: ePublishing