Foodstuff, Latvia, Markets and Companies
International Internet Magazine. Baltic States news & analytics
Thursday, 18.04.2024, 01:33
Food Union Management has increased share capital by EUR 806,000
Thus, the company’s total share capital has reached EUR
1,056,000. Changes in the share capital were registered on January 17.
Food Union group’s vice-president Normunds Stanevics told that increase of the share capital has been
made to ensure the management functions that are set in the company’s
development strategy.
As reported, Food
Union Management was registered on August 4, 2016, and its sole owner is Food Union (EE) Limited registered in
the British Virgin Islands.
Food Union Management is the management company for the Food Union group, ensuring accumulation of expertise and ensuring its distribution to companies in the countries where the group is represented, including in the Baltic states, Norway, Denmark, Romania, China.
Establishment
of Food Union Management is the first
step in development of a global group that will improve the group’s
competitiveness and efficiency both on domestic and international levels.
Food Union is the
largest dairy company and leading food and beverages producer in Latvia, as
well as the leading ice cream producer in the Baltic states.
Food Union Group
comprises Latvia’s three largest dairy and ice cream companies – Rigas Piena Kombinats, Valmieras Piens
and Rigas Piensaimnieks, Estonia’s
largest ice cream producer Premia,
Denmark’s largest ice cream producer Premier
Is, Norway’s third largest ice cream producer Isbjorn Is, Belarus ice cream producer Ingman Ice Cream, and Romania’s second largest ice cream producer Alpin57Lux.