Gruppa LSR OAO acquires owner of Ryabovsky brick plant to increase production capacity


Thursday, 12 Dec 2013 05:11am EST 

Gruppa LSR OAO:Acquires 100 percent of OOO Gazstroy, owner of Ryabovsky brick plant, in exchange for office centers in St. Petersburg.Says the acquisition complies with the company's strategy to concentrate operations in production of building materials, construction and residential real estate development.Says the annual production capacity of the new plant is up to 150 million bricks.Says that, as a part of the deal, it also obtains a license for clay deposit Krasny Latysh, which is located close to the plant, with proven reserves enough for about 30 years of operations. 

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