Snack Production (Dnipro) has completed the purchase of Kherson Fruit and Vegetable Plant LLC, the deal was accompanied by the international investment company Millstone & Co with offices in Ukraine and Poland, the investment company reported on its website on Tuesday.
“Kherson Fruit and Vegetable Plant Kherson is one of the largest private fruit and vegetable factories in Ukraine. Its average annual revenue from product sales is about UAH 60 million. The combine has established sales channels: distribution (more than 15 regular partners in all regions of the country); retail chains (for production products under its own trade marks). It also exports products to 20 countries of the world,” director of Millstone & Co in Ukraine Maksym Shynkarenko is quoted as saying.
The parties did not comment on the financial details of the deal.
According to Millstone & Co, the production area of Kherson Fruit and Vegetable Plant Kherson is 9,530 square meters on the territory of 5.2 hectares. The plant can process 300 tonnes of tomatoes per day, its capacity for sterilization and packaging of tomato paste is 3 tonnes per hour, the bottling of tomato juice into glass containers is 3.5 tonnes per hour, the production of juices and puree is 4-5 tonnes per day.
According to the Unified State Register of Legal Entities and Individual Entrepreneurs, after the purchase of Kherson Fruit and Vegetable Plant, its ultimate beneficiary was Larysa Omelchenko, who indirectly owns the asset through Closed Nondiversified Venture Capital Investment Fund Omelia Invest.
According to Snack Production, the group is engaged in the production of snacks under its own brands and their distribution through a network of 42 branches across Ukraine. It delivers products to the wholesale and retail segments of retail and HoReCa under the TM Khutorok, La Pasta perprimi, Zeffir, Morskiye (Marine), Frumi, Zubby, EVO home, SoHo, Glint, and Zeffir baby.
Millstone & Co is a private investment company providing investment services to clients. It has offices in Warsaw, Krakow and Kyiv.
