“Aton Capital” interested in buying “the Vologda butter”


Application is filed

The direct investment Fund managed by the company “Aton Capital” creates the holding, which will produce dairy products — milk, butter, sour cream, yogurts, told the General Director of “Aton Capital” Andrey Tikhomirov. “Strategy involves the creation of a large Federal player in the dairy market,” said Tikhomirov.

According to him, “Aton” has attracted a team of former managers of the company “Wimm-bill-Dann” (WBD) under the leadership of ex-Director of the IAP Oleg Kuzmin. Kuzmin confirmed his appointment and plans of “Aton”.

The first step to the creation of the holding, according to Tikhomirov and Kuzmin, began applying for auction on selling state-owned 100% of JSC “experimental dairy plant of Vologda state milk-economic Academy of a name of N. In. Vereshchagin” (the basic brand — “the Vologda oil”). The representative of the Russian auction house (RAD) is organising the auction, declined to identify bidders. The press service of the Federal property management Agency did not respond to a request .

The starting price is located in Vologda factory is set to 1,08 billion rubles “Vologda butter” processes about 20% implemented in the area of raw milk, the annual production of 20 thousand tons of dairy products (milk, ryazhenka, cream, sour cream, kefir, yogurt, cottage cheese, etc.) , about 2 tonnes of dry milk products and 2.5 thousand tons of oil, reported the newspaper “Vedomosti”. According to the documents PLEASED in the first nine months of 2015 the company’s revenue amounted to 1.37 billion rubles, the net loss of 9.3 million rubles.

“It’s a great production site, which we plan to develop further, — said Tikhomirov. — When solving problems with raw materials, the introduction of modern packaging lines and implementation of new approaches in the assortment and marketing policy may increase the volume of processed milk doubled. It also requires all Federal networks”. He believes that the brand “Vologda” known enough in the country to support the plant sale. “It is planned to enter the capital of a number of dairy farms”, — said Tikhomirov.

The auction in question

The auction for the sale of the plant is scheduled for Wednesday, February 17. But, according to the newspaper “Kommersant”, in charge of agriculture, Deputy Prime Minister Arkady Dvorkovich has instructed the government to cancel the auction. The plant could be sold back in April of 2015 — and then the auction was stopped Dvorkovich.

The Ministry of economic development stated that “the decision was taken by the government”, representatives of the region noted that the head of Rosimushchestvo Olga Dergunova supports their unwillingness to sell the company. The Agency cited “significant risks of the acquisition by the company, not interested in preserving the unique formulation and technology, as well as training and production base” and the assumption that the plant can be reoriented to the production of “margarine and cheaper grades of oil”. Please leave the plant in state ownership was received by President Vladimir Putin and Minister of agriculture Alexander Tkachev.

As claimed by sources of Kommersant, first Deputy Prime Minister Igor Shuvalov had not supported the region and the Ministry of agriculture development strategy of the plant and insisted on its privatization.

“The position of the agriculture Ministry to leave the enterprise in state property and develop on its basis the dairy cluster. In addition dairy plant will include dairy farms. To increase power, you must increase the resource base”, — said the Director of the Department of animal husbandry and breeding Ministry of agriculture Vladimir Labinov. As a result it will be possible to increase the processing volume of the plant for another 50-70 tons per day, he added.

The cancellation of the auction “Aton” has not been notified, said Tikhomirov. According to him, if the government will finally abandon privatization, “Aton Capital” will consider other companies for purchase.

“Aton Capital” invests in mid-sized companies: investments from $10 million to $20 million, according to the website of the company. For example, in 2009, “Aton Capital” bought a minority stake in the Moscow Internet-provider NetByNet, and in 2010 became part of shareholders of a network of clothing stores in Henderson. In 2012, the Fund invested $20 million in the manufacturer of kitchen furniture, “Mary.”

In 2015 at the “Aton” also appeared on the project on vegetable production — company “Svatovo Vegetables,” says Tikhomirov. According to SPARK, with 55.1% of LLC “Svatovo Vegetables” belongs to Tikhomirov. Last year the sown area amounted to 150 hectares. “We plan to gradually increase production to 12 thousand tons per year by 2018, and to increase storage capacity,” — said Tikhomirov.