A large glass container manufacturer, Kostopil Glassworks (KZS, Rivne region), is in the process of acquiring Khmelnytsky Regional Brewery (Khmelpyvo, Proskurivske, Khmelnytske brands), a regional beer producer.
As reported by the Antimonopoly Committee of Ukraine (AMCU) on Thursday, it has granted KZS permission to acquire control over PJSC Khmelpyvo.
According to the disclosure system of the National Securities and Stock Market Commission (NSSMC), the main shareholder of Khmelpyvo, with a 78.0286% stake, is the company’s director, Oleksandr Lysyuk.
The company has convened an extraordinary shareholders’ meeting on June 13, at which the supervisory board headed by Lysyuk will be dismissed and replaced by a new one headed by the chairman of the Federation of Employers of Ukraine, Dmytro Oliynyk, who owns 19.46% of KZS and, together with his family, 49.53%.
It was proposed to keep Oleksandr Mazur on the supervisory board and replace Nadiya Kravets with Yuriy Matsak.
In 2024, Khmelpyvo increased its revenue by 2.8% to UAH 146.41 million and reduced its net profit by 3.9% to UAH 76.86 million. At the meeting on April 8 this year, the issue of allocating all profits to the technical re-equipment of the company was raised.
Its equity capital at the beginning of this year amounted to UAH 547.97 million, cash – UAH 326.04 million, assets – UAH 559.4 million, and the number of employees – 125.
Kostopil Glass Factory is one of the largest industrial enterprises in the Rivne region and is one of the five largest manufacturers of glass containers in Ukraine. The company ended 2024 with a net profit of UAH 76.5 million, which is 6.6 times less than in 2023, and its net income decreased by 18% to UAH 1 billion 467.8 million.
The main products of KSZ are beverage containers (91% of last year’s production), with bottles accounting for 9%. According to the plant, last year 51% of its products (UAH 755.3 million) were exported, in particular to Poland, Hungary, Romania, Bulgaria, Slovakia, Moldova, Lithuania, Latvia, and Estonia.
KZS reported that it plans to increase glass container production by 10-15% annually and increase sales accordingly. As of early 2025, the plant employed 503 people.
According to YouControl, Oliynyk owns 19.46% of KZS LLC, his family members Tetyana, Kyrylo, and Ivan Oliynyk own 16.27% and 6.9% respectively, Another 22% is owned by the Bulgarian company Fisherman Investments, 9.06% by Andriy Rybitsky, 4.85% each by Anatoliy Kucheruk, Leonid Smilyants, Andriy Filimonuk, and a private enterprise, the company Sava.
