Emitents | Olainfarm, AS (213800WCG52W62ENOP27) |
Veids | Citi |
Valoda | EN |
Statuss | Publicēts |
Versija | |
Datums | 2016-01-20 12:26:37 |
Versijas komentārs | |
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Olaine
Olainfarm
Acquires SIA Kiwi Cosmetics, Producer of Eco-cosmetics
Earlier this week, on January 18, 2016, AS Olainfarm signed an
agreement whereby it acquired 100% shares in eco-cosmetics company
SIA Kiwi Cosmetics. The acquisition will allow both companies
to expand and to optimize their production, enter new markets and
strengthen positions in existing ones. The existing
management team of Agate Jurkovska-Kanca, Elina Iltnere-Karkla and
Solveiga Zvejniece will continue working in the company. According
to preliminary results, sales of SIA Kiwi Cosmetics in 2015 were
123 000 euros.
“We very highly value the ability of different Latvian producers to
supply best quality demanded products to the increasing market of
admirers of a green lifestyle. Latvia has several well-cherished
companies both, in area of green pharma and eco-cosmetics that for
more rapid development need a little stronger base.
Therefore, we continue what we started with acquisition of
Silvanols, Latvia’s green pharma leader, and are acquiring SIA Kiwi
Cosmetics, a producer of eco-cosmetics, a company, which is also
driven by a desire to help people use the power of nature. We
see many synergies between Kiwi Cosmetics and Silvanols in
production, marketing and exports, and between Kiwi Cosmetics and
Latvijas Aptieka in distribution of eco-cosmetics with health
claims. Also, experience of Olainfarm in production
development, optimization and export expansion will provide
considerable contribution to further growth of newly acquired
company,” says Valerijs Maligins, Chairman of Olainfarm’s Board..
Co-founder of
SIA Kiwi Cosmetic, Agate Jurkovska-Kanca admits: “Five years ago, a
company named “Kivvi” was founded to produce products with optimal
balance between power of nature and achievements of science.
From initial portfolio of five more classical products, including
facial, eye and hand creams, we have grown to more than 70
products, including a special product line for
men.
We feel we have managed to make a good initial run, so Kiwi
Cosmetics can now take-off and gain more and more height. We hope
that soon many more people in many more countries will enjoy
concentrated strength of its products. AS “Olainfarm” and its
experienced team, whom we are joining will help us achieve
that.”
SIA Kiwi Cosmetics founded in 2011 is producing eco-cosmetics for
body and face, both, for men and women under “Kivvi” label.
Its product portfolio includes more than 70 names, all suitable for
vegans. Most of “Kivvi” products are certified according to
internationally renowned ECOCERT standards. The standard guarantees
that composition of cosmetic product includes only natural
ingredients, sourced from biological farming, that products are
produced in energy efficient way and that the packaging is
recyclable and environmentally friendly. Some 30 % of sales are
made in Latvia, while 70% are exported to countries, including
Austria, Bulgaria, Denmark, Czech Republic, Estonia, Italy, Japan,
Lithuania, Norway, Poland, Romania, Slovakia, Slovenia, Finland,
Spain, Germany and Sweden. In Latvia, products of Kiwi
Cosmetics are sold in stores in Riga, Liepaja, Valmiera, Jelgava,
Sigulda, Ogre, Adazi and Marupe, in beauty salons and internet
shops.
Group of Olainfarm consists of parent company AS Olainfarm,
pharmacy chain of SIA Latvijas Aptieka. AS Olainfarm also owns
96.69% shares in leading Latvian food supplement producer SIA
„Silvanols”.
JSC Olainfarm is one of the
biggest pharmaceutical companies in Latvia with more than 40 years
of experience in production of medication and chemical and
pharmaceutical products. A basic principle of company's operations
is to produce reliable and effective top quality products for
Latvia and the rest of the world. Products made by the Group are
being exported to more than 35 countries of the world, including
the Baltics, Russia, other CIS, Europe, Asia, North America and
Australia. Information
prepared by:
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