Volfas Engelman Explained

SP Volfas Engelman
Type:Sole proprietorship
Foundation:1853
Location:Kaunas,
Kaunakiemio 2
Key People:CEO Marius Horbačauskas
Industry:Light alcoholic and non-alcoholic beverages
Products:Beer, cider, cocktails, kvass, energy drink
Revenue:€80.610 million (2022)[1]
Num Employees:289
Parent:Olvi

Volfas Engelman is an manufacturer of alcoholic beverages in Kaunas, Lithuania.

The establishment of the brewery Volfas Engelman dates back to the 19th century. Today the brewery produces beer, cider, alcoholic mixed drinks, kvass and energy drinks. Volfas Engelman brewery is named after its two founders. Since 2012, the CEO of the company is Marius Horbačauskas. It has more than 230 employees, making Volfas Engelman the second-largest brewery in Lithuania.At the moment 99.57 percent of Volfas Engelman shares belong to the FinnishOlvi Company Group. In 1994, the brewery Ragutis underwent privatization and reorganization, becoming a joint-stock company. In 1997, initially, 51 percent of Ragutis shares were acquired by the Pilsner Urquell Group . Later in 1997, Pilsner Urquell transferred a strategic share package to the Estonian company A. le Coq, which is operated by the Finnish company Olvi.[2] I. On April 12, 2011, the brewery reverted to its historical name, Volfas Engelman.[3]

Brands

Beer

Cider

Alcohol cocktails

Kvass

Energy drinks

Soft drinks

Works cited

Notes and References

  1. Web site: Volfas Engelman, AB revenue, profit. www.rekvizitai.vz.lt.
  2. Web site: "Volfas Engelman" . 2023-01-13 . www.vle.lt . lt.
  3. Web site: Kauno alaus darykla AB "Ragutis" šiandien pakeitė pavadinimą ir tapo AB "Volfas Engelman" . 2023-01-13 . 15min.lt/verslas . lt.