Type Joint stock Key people Brad Listenburg | Industry Foods and beverages Number of employees ~ Founded 1967 | |
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Products Fruit juiceVegetable juiceBaby foodSoft drinks Revenue ~ US$800 million (2007) Subsidiaries Sandance Kazakhstan, LLC Progress Detskoe Pitanie, LLC Progress Activ, DP Sandance | ||
Lebedyansky, a Russian multi-national company that manufacturers fruit juice, baby food, vegetable juice, and soft drinks, which is owned by PepsiCo, is the largest fruit juice manufacturer in Eastern Europe and the sixth largest in the world. Lebedyansky has two major production centers, both located in the Lipetsk Oblast.
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History
In 1967, a cannery was established in Lebedyan, Lipetsk Oblast, around 350 kilometers south of Moscow. The company produced canned fruits and vegetables.
In 1992 the company was privatized and transformed into a joint stock company. In 1996, Lebedyansky launched its first branded product, Tonus Juice and in 1998, the company management decided to pursue a major expansion. Fruit juice experts from European and American companies worked on the project, and revenue grew from US$18 million in 1998 to US$375 million in 2004, and market share from 4% to 30%.
Acquisition by PepsiCo
On 20 March 2008, PepsiCo announced their acquisition of 75.53% of Lebedyansky, for the sum of US$ 1.4 billion, making PepsiCo the largest shareholder, and parent company of Lebedyansky. The purchase was completed on 28 August 2008.
Affiliated brands
In becoming the leading juice producer in Russia, Lebedyansky developed the following brands: