Ukrproduct Group Ltd
04 November 2005
4 November 2005
Ukrproduct Group ('UPG') completes acquisitions
of Jhmerinka Butter & Cheese Plant Ltd and Letichiv Dairy Plant
Following its announcement on 4 October 2005, UPG today announces that its
acquisitions of 100% of the capital of the Jhmerinka Butter & Cheese Plant Ltd
and 62% of the capital of the Letichiv Dairy Plant have both completed.
The acquisitions will provide UPG with the necessary increases in production and
raw material capacity to meet rising consumer demand. They will also expand the
geographic coverage of the Group, provide complementary products to the Group's
existing product ranges and extend the Group's raw milk supply zone. The
Directors of UPG believe that the operating performance of both plants can be
significantly improved through the introduction of improved cost controls,
leveraging of the distribution network and optimisation of the product mix.
For further information:
Ukrproduct Group +38 044 502 8014
Sergey Evlanchik, CEO, and Dmitry Dragun, CFO
Financial Dynamics +44 20 7831 3113
Ben Foster/ Charles Watenphul
This information is provided by RNS
The company news service from the London Stock Exchange