March 1/St. Petersburg, Russia/Russian Financial Control Monitor(RFCM): Mergers & Acquisitions (English) -- Norway-based Orkla Brands International has decided to merge its Russian chocolate and confectionery companies, Krupskaya and SladCo, into Orkla Brands Russia.
The new company will be headquartered in St Petersburg, will have around 3,350 employees under one management team, and will generate combined sales of 6.8 billion Russian rubles ($235.3 million or 170.7 million euros).