Wimm-Bill-Dann Foods OJSC, a leading Russian food producer, said on October 16 it had purchased Georgian Foods Ltd, the third largest dairy producer in Georgia.
The financial details of the deal were not disclosed. It will be the Russian company’s first production facility in the Caucasus.
“In addition to serving local demand in Georgia, the factory will also supply nearby markets in Armenia and Azerbaijan,” Wimm-Bill-Dann said in a statement.
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