Sorainen has advised Volfas Engelman on the acquisition of shares in Lamate, a Lithuanian company engaged in the extraction of mineral water, and the completion of the construction of the Uniqa mineral water plant in Druskininkai, southern Lithuania.
Volfas Engelman, a producer and distributor of alcoholic and soft drinks, belongs to the Olvi group of companies.
According to Sorainen, the acquisition and the opening of a modern mineral water plant is “an important step in the expansion of Volfas Engelman in the mineral water market both in Lithuania and abroad.”
Marius Horbacauskas, the head of both Volfas Engelman and the new factory, explained that, “this is a strategic investment, as we are planning to expand in the mineral water segment. We are anticipating that the acquired unique borehole will supply both Lithuanian and foreign markets. Water will be sold under the new Uniqa brand, which means ‘unique aqua.’”
Sorainen’s team consisted of Partner Algirdas Peksys, Senior Associate Asta Augutyte-Rapkeviciene, and Associate Laura Matuizaite.
Sorainen informed CEE Legal Matters that it was unable to provide further details on the deal.
