FORM 6-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Issuer
July 15, 2005
Pursuant to Rule 13a-16 or
15d-16 of
the Securities Exchange Act of 1934
Commission file number: 333-14278
(Exact name of Registrant as specified in its charter)
Russian Federation
(Jurisdiction of incorporation or organization)
16, Yauzsky Boulevard
Moscow 109028
Russian Federation
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F ý Form 40-F o
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes o No ý
WIMM-BILL-DANN FOODS OJSC ACQUIRES CONTROLLING STAKE IN OBNINSK DAIRY PLANT OJSC
Moscow, Russia - July 13, 2005 - Wimm-Bill-Dann Foods OJSC [NYSE: WBD] has increased its stake in Obninsk Dairy Plant (the town of Obninsk) from 11.61% to 66.33%. Hence, the number of manufacturing facilities comprising Wimm-Bill-Dann has reached 26.
The plant, founded in 1982, currently produces about 100 tons of traditional dairy products per day. Maintained high quality of its products has ensured Obninsk Dairy Plant customer loyalty and strong demand in the premium segment of the traditional dairy market.
Commenting on the announcement, Alexander Baranov, Head of Corporate Development Department of Wimm-Bill-Dann Foods OJSC, said: Obninsk Dairy Plant is a unique production facility, which has maintained profitability levels and secured a stable niche in a highly competitive environment of Russias Central region. We regard this acquisition as both a profitable investment and an opportunity to preserve and deliver to the final consumer the best dairy production traditions.
Wimm-Bill-Dann intends to keep Obninsk Dairy Plants product portfolio and does not envisage any significant investments in manufacturing and product promotion.
- Ends
For further enquiries contact:
Marina Kagan
Wimm-Bill-Dann Foods OJSC
Yauzsky Boulevard, 16, Moscow
109028 Russia
Phone: +7 095 733 9726/9727
Mobile: + 7 095 762 2387
Fax: +7 095 733 9725
e-mail: kagan@wbd.ru
Some of the information contained in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of Wimm-Bill-Dann Foods OJSC, as defined in the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. We wish to caution you that these statements are only predictions and that actual events or results may differ materially. We do not intend to update these statements to conform them to actual results. We refer you to the documents Wimm-Bill-Dann Foods OJSC files from time to time with the U.S. Securities and Exchange Commission, specifically, the Companys most recent Form 20-F. These documents contain and identify important factors, including those contained in the section captioned Risk Factors in our Form 20-F, that could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, potential fluctuations in quarterly results, and risks associated with our competitive environment, acquisition strategy, ability to develop new products
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or maintain market share, brand and company image, operating in Russia, volatility of stock price, financial risk management, and future growth.
Wimm-Bill-Dann Foods OJSC is a leading manufacturer of dairy and juice products in Russia. The company was founded in 1992.
The Company currently owns 26 manufacturing facilities in 21 locations in Russia and the Commonwealth of Independent States (CIS), as well as trade affiliates in 26 cities in Russia and the CIS.
Wimm-Bill-Dann has a diversified branded portfolio with over 1,100 types of dairy products and over 150 types of juice, nectars and still drinks. The company currently employs over 17,000 people.
Wimm-Bill-Dann was awarded Grand Prix for Best Overall Investor Relations in 2004 Small & Mid cap companies and Best Investor Relations Officer in 2004 Small & Mid cap companies at the Second Annual IR Magazine Russia Awards held in December 2004 and organized by IR Magazine and the Association of Investor Relations Professionals. Wimm-Bill-Dann previously received the Grand Prix for Best Overall Investor Relations in 2003 Small & Mid cap - at the first annual IR Russia Awards Ceremony held in Moscow last year.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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WIMM-BILL-DANN FOODS OJSC |
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By: |
/s/ Dmitry A. Anisimov |
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Name: |
Dmitry A. Anisimov |
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Title: |
Chief Financial Officer |
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Wimm-Bill-Dann Foods OJSC |
Date: July 15, 2005
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