Business
Completion of Acquisitions
Completion of Acquisitions.
About this update from Ukrproduct Group Ltd
[{"type":"text","content":"\n Ukrproduct Group Ltd\n04 November 2005\n\n4 November 2005\n\n\n\n\n\nUkrproduct Group ('UPG') completes acquisitions\n\nof Jhmerinka Butter & Cheese Plant Ltd and Letichiv Dairy Plant\n\n\n\n\n\nFollowing its announcement on 4 October 2005, UPG today announces that its\nacquisitions of 100% of the capital of the Jhmerinka Butter & Cheese Plant Ltd\nand 62% of the capital of the Letichiv Dairy Plant have both completed.\n\n\n\nThe acquisitions will provide UPG with the necessary increases in production and\nraw material capacity to meet rising consumer demand. They will also expand the\ngeographic coverage of the Group, provide complementary products to the Group's\nexisting product ranges and extend the Group's raw milk supply zone. The\nDirectors of UPG believe that the operating performance of both plants can be\nsignificantly improved through the introduction of improved cost controls,\nleveraging of the distribution network and optimisation of the product mix.\n\n\n\n\nFor further information:\n\nUkrproduct Group +38 044 502 8014\nSergey Evlanchik, CEO, and Dmitry Dragun, CFO\n\nFinancial Dynamics +44 20 7831 3113\nBen Foster/ Charles Watenphul\n\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange\n ","length":1370,"tagName":"div"}]