Parnas-M is a Russian meat processing company formed on the basis of the assets of the Leningrad Meat Processing Plant No. 3 privatized in the early 1990s (located in the Parnas district, launched in 1983).
| Parnas-M | |
|---|---|
 | |
| Type of | Private company |
| Base | 1992 |
| Location |  Russia : St. Petersburg |
| Key figures | Sergey Udachin (owner) |
| Industry | meat industry ( ISIC :1010 ) |
| Products | meat products |
| Website | parnas-m.ru |
In 1996, the company was headed by Sergey Udachin , who soon gained control of the main shareholding. In 1997, the company acquired meat processing plants in Luga , Volkhov and Tikhvin , and the production volumes at the basic St. Petersburg enterprise after a characteristic decline in the early 1990s were brought to the level of Soviet times [1] . In the late 1990s, the company also began vertical integration - in the early 2000s, the Rassvet livestock farm near St. Petersburg was acquired (the meat stock of which soon brought up to 10 thousand heads of cattle) [1] and a plant monopolist for the production of protein sausage casings in the Meadow [2] . In the mid-2000s, the European Bank for Reconstruction and Development entered the company's capital in a 30% share and large meat plants in Pervomaisky and Tver [1] were bought with raised funds, and meat plants in Ipatovo , Sterlitamak and Gotne were purchased at about the same time. By 2007, the company’s share in the Russian meat gastronomy market was 1.7%, while Parnas-M was one of the leading three producers in the meat products market of the North-West of Russia, and counted on five leading Russian meat producers as regional expansion progressed [1 ] .
In September 2008, it was reported that Udachny had sold the main share in the company to the owners of the Sinyavinsky poultry farm , headed by Nikita Melnikov [3] , but later it became known that at the last moment the deal fell through [4] . The amount of the failed transaction by observers was estimated in the range of $ 28.3-79 million, the debt load of the company at that time consisted of a debt of 800 million rubles. on a credit line to Nomos Bank and 1 billion rubles. on a bond loan [3] . In November of the same year, the company filed a lawsuit about its own bankruptcy , in 2010 the company introduced external management [5] . In the process of debt settlement in 2010, the company lost the Volkhov, Tver, Tikhvin and Ipatovsky meat plants [6] .
The company withdrew from bankruptcy proceedings in 2013, but at the end of 2014 it again filed for insolvency, as a result, external management was again introduced, the amount of debt amounted to 2 billion rubles. [7] [5] The company's problems in 2014 could be caused by rebranding (a change in the decoration of product labels), which resulted in a drop in sales of Parnas-M brand products in retail chains due to loss of consumer recognition [5] .
The company's production assets as of the end of 2014 were the Parnas-M meat processing plant in St. Petersburg, the meat processing plant in Pervomaisky, Tambov Oblast, the Novo-Sterlitamak meat processing plant, and the meat processing plant in Gotnya, Belgorod Region. The owners are Sergey Udachin (61.35%) and the European Bank for Reconstruction and Development (24.41%).
Notes
- ↑ 1 2 3 4 Litvinova, 2007 .
- ↑ Dina Cherry. Parnassus found a shell . Vedomosti, No. 404 (May 13, 2001). Date of treatment March 12, 2016.
- ↑ 1 2 Anna Pushkarskaya, Anastasia Gordeeva. Bird sausage . Lenoblptitseprom was bought by Parnas-M holding . Kommersant St. Petersburg, No. 171 (September 23, 2008) . Date of treatment March 12, 2016.
- ↑ Kirill Bulatov. Kumarin “tore off” the sale of Parnassus (Inaccessible link) . Morning News (November 21, 2008). Date of treatment March 12, 2016. Archived March 13, 2016.
- ↑ 1 2 3 Gritsenko, Fedorov, 2014 .
- ↑ Anastasia Gordeeva. Parnas-M dumps meat . The assets of the meat processing division of the holding decreased by half . Kommersant St. Petersburg, No. 200, p. 15 (October 27, 2010) . Date of treatment March 12, 2016.
- ↑ Evgeny Fedorov. The debt of the Parnas-M meat processing plant in St. Petersburg is 2 billion rubles . Vedomosti, No. 3728 (December 2, 2014). Date of treatment March 12, 2016.
Literature
- Polina Gritsenko, Evgeny Fedorov. Meat products producer Parnas-M returns to bankruptcy . Meat products manufacturer Parnas-M filed for bankruptcy. The company a year ago withdrew from a similar procedure and is due to pay off 255 million rubles by 2019. debt . Vedomosti, No. 3711 (November 7, 2014) . Date of treatment March 12, 2016.
- Natalia Litvinova. Who will feed the well-fed family . Petersburg meat processing holding “Parnas-M” for several years has become one of the leaders of the North-West region. The next task is to enter the top five federal players . Expert, No. 22 (563) (June 11, 2007) . Date of treatment March 12, 2016.
Links
- parnas-m.ru - official site of Parnas-M