We advised Volfas Engelman on acquiring Lamate shares and completing construction of the Uniqa mineral water plant in Druskininkai. Volfas Engelman, a producer and distributor of alcoholic and soft drinks, belongs to the Olvi group of companies. Lamate is a Lithuanian company engaged in the extraction of mineral water.
Important step for Volfas Engelman’s expansion in Lithuania and other markets abroad
This 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.
Comments Marius Horbačauskas, the head of Volfas Engelman and the new factory: “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”.
Our services and project team
We advised Volfas Engelman on all legal issues related to the transaction, including legal and tax due diligence of Lamate, transaction structuring, negotiation, drafting documents, and completing construction of the factory. The team consisted of partner Algirdas Pekšys, senior associate Asta Augutytė-Rapkevičienė and associate Laura Matuizaitė.