Kellogg buys Russian food company
Kellogg buys Russian food company
Kellogg buys Russian food company
Kellogg Co., the world's leading maker of breakfast cereals, said Thursday that it has bought the United Bakers Group, a leading Russian maker of crackers, biscuits and breakfast cereals.
The price of the deal was not disclosed.
United Bakers Group sells primarily under the Yantar and Lyubyatovo brands and had sales of about $100 million in 2007, Kellogg said in a news release.
"Consistent with our strategy, we continue to pursue the right kind of opportunities to grow our business," said David Mackay, Kellogg's president and chief executive.
United Bakers has about 4,000 employees and six manufacturing plants, Kellogg said. It is headquartered in
Battle Creek-based Kellogg had sales of $10.91 billion in 2006, the last full year for which financial results have been released. It makes breakfast cereals and convenience foods. It employs about 26,000 people and produces in 17 countries.
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