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Snaige refrigerator factory now owned by Russians 12.12.2011

The only Snaige production factory in Baltic countries was bought by Alexei Kovalchuk. The Russian businessman is prepared to push Lithuanian refrigerators on Russian market.

Russian company Polair bought 44.43% of Snaige company shares for 32.8 million LTL (6.7 million LVL). The rest of the sum – 11.3 million LTL (2.3 million LVL) for 15% of shares will be transferred by the end of the year, according to with reference to Lietuvos rytas.

According to unofficial sources, Russians have taken up on themselves some other responsibilities, such as paying back the debts of the company.

Kovalchuk recently mentioned his plans to increase the production of Sanige refrigerators – the news could not have cheered the workers of the company more.

Polair Company specializes in production and distribution of refrigerator equipment. It was founded in 1990.

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