Dragon Capital Acquires Truskavetska Mineral Water Producer

The Dragon Capital group of companies has completed the acquisition of 100% of shares of Aqua-Eco, which extracts, produces and sells natural waters under the Truskavetska trademark, from the international group of companies IDS Borjomi International, one of the largest players in the market of mineral and drinking waters.

“Global shift of consumer sentiment towards a healthy lifestyle, coupled with still very low consumption of mineral water in Ukraine, which is many times lower than in other Eastern European countries, gives us grounds to argue that the domestic mineral water sector has great potential,” said Tomas Fiala, CEO of Dragon Capital. “Known since 1827, Truskavetska is one of the most recognizable and popular mineral waters in Ukraine due to its mineral composition and unique taste characteristics.”

“Acquiring a mineral water producer is only the first step in our investment strategy. In the near future, a large-scale program of expansion and modernization of the company's production capacity will be approved, as well as a powerful distribution function will be built, which should significantly strengthen Truskavetska’s position in the Ukrainian mineral water market,” said Yevhen Baranov, Managing Director of Private Equity at Dragon Capital.

Truskavetska mineral water, well opened back  in 1827, is extracted from underground wells in the landscape reserve of the famous resort of Truskavets, located in the heart of the Carpathians. This natural water belongs to the category of hydrocarbonate waters of complex cationic composition. It has a pleasant mild taste and low natural salinity of up to 0.9 g/l, meaning it can be consumed without restrictions.


About FDI LLC “Aqua-Eco”

FDI LLC “Aqua-Eco" (Truskavetskyi Mineral Water Plant) is manufacturing complex of bottled mineral water under the Truskavetska Aqua-Eco, Truskavetska Crystal and Truskavetska Reserve trademarks. Its production facilities are located in the city of Truskavets.

About Dragon Capital

Dragon Capital is one of the largest groups of companies in Ukraine, working in the field of direct investment and financial services, providing a full range of investment banking and brokerage services for corporate and private clients. The company has a decades-long track record of successful private equity investments in Ukraine spanning leading manufacturers and service providers as well as landmark residential and commercial real estate projects.