Foodstuff, Latvia, Markets and Companies

The decision on the merger was made on November 5.

Rigas Piena Kombinats has taken over all liabilities and rights of Rigas Piensaimnieks, while Rigas Piensaimnieks has been liquidated.

The restructuring process was completed on February 25.

The decision on restructuring was made on November 5, 2019.

Merger of both companies is one of the strategic steps in development of the excellence center of the Food Union group, the group reported.

Food Union is the largest dairy company in Latvia and the leading ice-cream producer in the Baltic countries. Food Union Group is made up of three largest dairy companies and ice-cream makers in Latvia – Rigas Piena Kombinats, Valmieras Piens, and Rigas Piensaimnieks, Estonia’s largest ice-cream maker Premia, the leading Danish ice-cream producer Premier Is and Danish ice cream distribution company Hjem Is, Norway’s ice-cream company Isbjorn Is, Romanian ice-cream maker Alpin57Lux, and ice-cream company Ingman Ice Cream in Belarus. In 2018 Food Union opened two dairy product and children food plants in China.