SFW Starka was privatized by the Polish Government in 1991, but went into receivership in 2009. In 2012, the assets were acquired by a strategic investor, Yasmia Group, which took over the factory and equipment inventory, intangible assets and trademarks.
After extensive improvements to the plant and buildings, production resumed mid-2016 with growth plans put in place alongside the company being sold to a local group. Production was again suspended in 2018 due to a legal dispute with the purchaser, which was resolved in favour of Yasmia in Q1 2020.
The key concept of the 5-year turnaround strategy is to effect financial discipline and stability, remove existing creditors and allow the technical team to focus on high-end sprit production. A Saratoga Capital appointed COO has been allocated to ensure rationalization of existing assets and expansion thereof. A CEO well versed in the drinks business has been recruited from outside to accelerate transformation.
Steven M. Pepa, Director → bio
Rene Cürten, Principal and Project Leader → bio
Michel de Martigny, Advisor → bio
Stefan Kemball, Spirits and Wine Advisor → bio