Dragon Capital closes deal to buy Truskavetska mineral water producer

KYIV. Sept 2 (Interfax-Ukraine) – Dragon Capital investment group has completed the acquisition of 100% of shares of Aqua-Eco (Truskavets, Lviv region), which extracts, produces and sells natural waters under the Truskavetska trademark, from the international group of companies IDS Borjomi International, and in the future the enterprise will be expanded and modernized, the investment firm said on its website on Thursday.

"Acquiring a mineral water producer is only the first step in our investment strategy. In the near future, a large-scale program of expansion and modernization of the company’s production capacity will be approved, as well as a powerful distribution function will be built, which should significantly strengthen Truskavetska’s position in the Ukrainian mineral water market," Managing Director of Private Equity at Dragon Capital Yevhen Baranov said.

The investment company recalled that the company Aqua-Eco LLC with direct foreign investments is manufacturing complex of bottled mineral water under the Truskavetska Aqua-Eco, Truskavetska Crystal and Truskavetska Reserve trademarks. Truskavetska mineral water, well opened back in 1827, is extracted from underground wells in the landscape reserve of the famous resort of Truskavets, Lviv region.

"Global shift of consumer sentiment towards a healthy lifestyle, coupled with still very low consumption of mineral water in Ukraine, which is many times lower than in other Eastern European countries, gives us grounds to argue that the domestic mineral water sector has great potential," CEO of Dragon Capital Tomas Fiala said.