Nestle Uzbekistan sells its water and dairy business in Uzbekistan to Lactalis
16/07/2019 13:31
Nestle Uzbekistan sells its water and dairy business in Uzbekistan to Lactalis
16/07/2019 13:31
Tashkent, Uzbekistan (UzDaily.com) - Today, Nestle Uzbekistan announced about the conclusion of an agreement with Lactalis, one of the leading global manufacturers in the dairy product category.
In line with the agreement, Nestle sells its dairy and water business in Uzbekistan to Lactalis. This solution will allow Nestlé to increase the efficiency of its operations in the Uzbek market in the long term.
Under the terms of the agreement, the water and dairy production businesses owned by Nestlé in Uzbekistan, including two factories located in Namangan, will become the property of Lactalis. Upon completion of the transaction, Nestlé will enter into a licensing agreement with Lactalis for the production of global Nestlé brands in Uzbekistan in the categories of dairy products and water, namely Nesquik, Nido and Nestlé Pure Life ready-to-drink beverages.
Marcial Rolland, head of the Nestlé company in the Russia and Eurasia region, said: “We remain committed to the Uzbek market, we intend to further develop the Nestlé brands in Uzbekistan and will continue to supply high-quality products to consumers. Lactalis - one of the leading global manufacturers in the category of dairy products. As a result of the agreement, in Uzbekistan we will find a strong partner in the production of products in the dairy category and the category of water under the Nestlé brands.”
Nestlé will continue to supply high-quality products to the Uzbek market in a wide range of categories, including confectionery, coffee, and baby food.
$ 1 | 12570.00 | +0.024% |
1 | 13698.79 | -0.378% |
₽ 1 | 136.91 | -0.270% |