The fund managed by Horizon Capital has completed a deal to acquire a minor stake in Yarych Confectionary Factory LLC (Stary Yarychiv, Lviv region), the press service of Yarych has reported.

"As we plan to increase production to extend our presence in Ukraine and abroad, partnership with Horizon Capital is the basis of our expansion strategy. In future we will accelerate our growth by strengthening the company's brand position in our main market and develop new segments," Yarych founder Volodymyr Hnatiuk said.

According to the press service of the company, Yarych is the second largest producer of packaged cookies in Ukraine (the trademarks Maria, Petit Beurre and The Crackers) with a market share of 33%.

As reported, in mid-October the Antimonopoly Committee of Ukraine allowed Cyprus-based Dilbeta Investments Limited from Horizon Capital Group together with Sermola Holdings Limited from Cyprus-based Yarych Holdings Limited belonging to Hnatiuk (owns 100% of Yarych confectionary factory) to buy Yarych confectionery factory.

Yarych Holdings Limited and Sermola Holdings Limited were registered on June 18 of this year.