Damate acquired 100% of shares of ice cream manufacturer

Milk processing

At the end of April Damate Group completed a deal to acquire a 100% of the shares of the cold storage plant-manufacturing Penzakholod JSC. The product line of the group, which already includes turkey meat, lamb and dairy products, will be supplemented with ice cream.

The cold storage plant was founded in 1958 as a logistics center for the procurement, storage and distribution of berry, vegetable, fish, meat, dairy products for Penza region and neighboring regions. In 1993, the company launched the production of ice cream. After the reconstruction carried out in the early 2000s, the production capacity of Penzholod was increased several times and today exceeds 10 thousand tons of products per year. The company's revenue amounted to 200 million rubles in 2019.

Penzaholod produces more than 30 types of ice cream under the brand "Nashe" (Our), which is sold through a network of distributors throughout the country as well as exported to Kazakhstan, Belarus and Armenia. In addition, the plant has successfully passed certification for export to China.

The company has created a full production cycle, including 12 continuous production lines, its own waffle baking shop, a laboratory and a car park.

An important advantage of the cold storage plant is the availability of storage facilities, which are equipped with a modern automated storage system, which is capable of storing up to 1.5 thousand tons of products.

“The cold storage plant Penzholod created a good production base and a first-class team of professionals. Modern production facilities of the plant will be integrated into the structure of Damate Group and will become a solid foundation for further development. Damate, for its part, will bring financial and investment opportunities to the project, as well as extensive experience in modernizing and scaling up projects,” said Rashid Khairov, CEO of Damate.

Damate Group has already many years of experience in modernizing the milk processing enterprise and dairy production. The group includes the region's largest milk processor, the Penza dairy plant (Molcom), with a processing capacity of up to 300 tons of milk per day. The company is at the next stage of modernization worth 1.5 billion rubles. According to the results of 2019, the enterprise increased the production of dairy products by 15% u to 51 thousand tons. The assortment line includes more than 100 items. Ice cream will be a logical continuation of the development of milk processing in the company.