DTC Advises Kellogg Company in the Acquisition of The United Bakers Group
Highlights experience in helping companies expand globally
Deloitte & Touche CIS, the Deloitte Touche Tohmatsu member firm in Russia (DTC), acted as the exclusive financial advisor to Kellogg Company (Kellogg) during its acquisition of The United Bakers Group, a leading Russian biscuit, cracker and ready-to-eat cereal (RTEC) manufacturer.
With a longstanding relationship with Kellogg, Deloitte & Touche Corporate Finance LLC (DTCF) in the United States introduced Kellogg to the corporate finance team of DTC. DTC served as lead buy-side advisor in originating, planning and executing this transaction that marks Kellogg’s market entry into Russia.
The United Bakers Group had net sales of approximately $100M USD in 2007 and employs nearly 4,000 people. The acquisition includes six manufacturing facilities located throughout Russia as well as a large sales and distribution network that has helped to make the company a leading cracker, biscuit and RTEC company in Russia. The business will continue to be headquartered in Voronezh, Russia, and will report to Kellogg’s European business unit.