AFK Sistema acquires mineral water producer Arkhyz for 450 mln rubles
MOSCOW. June 8 (Interfax) - AFK Sistema has purchased 100% of mineral water producer Arkhyz, the corporation said in a statement.
LLC Arkhyz Original was acquired through Sistema Telecom Assets, a 100%-owned subsidiary of the corporation.
The deal is valued at a total of about 450 million rubles, most of it is paid through the conversion of debt into the company's capital.
Sistema Telecom Assets filed an application with the FAS for acquisition of Arkhyz Original in February of this year, and it was granted in May.
Arkhyz Original LLC was registered in 2017 and specializes in the production of soft drinks, mineral and other bottled drinking water. The company owns the trademarks "Arkhyz Vita", as well as 100% of Trading House "Delta" LLC, which is a wholesale supplier of Arkhyz.
According to the Sistema statement, the company also owns wells with medicinal and drinking mineral water (2 wells in Arkhyz settlement, 3 wells in Kardonikskaya settlement, 1 well in Vinsady settlement, 1 well in Krasny Vostok settlement), and also plants in Arkhyz settlement and Cherkessk with total capacity 41,000 bottles/hour and a plant in the Vinsady settlement with capacity of 10,000 bottles/hour.
In 2021, the revenue of the Arkhyz parent company exceeded 1 billion rubles. By 2026, the company plans to increase its revenue 14-fold compared to 2021 and increase its market share to 12% from the current 1.5%.