ESTONIA – FOOD PRODUCTS
Juice producer Largo is one of the best known local brands. They have been filling the shelves in Estonia for many years, but how long will they last, wonders Ärigeenius.
Largo AS has been producing juices and nectars for decades, since 1992 to be exact. However, financial reports and other indicators indicate that after three decades the company has reached a rather difficult financial situation.
Meanwhile, losses have been running into the hundreds of thousands for some time now. Largo’s board member explained the situation succinctly and referred to the crises.
Largo’s website advertises that the company continues to make nectars, juices and kissels. They are currently produced by the company in its Võhma factory. The juice producer, which has been in business for many years, has also undergone big changes in the recent past.
Namely, in 2020, the entire company with all its production facilities and assets was taken over by the investment company Thule Capital. The plan, which had by then been mature for several years, was delayed by the coronavirus, but was nevertheless implemented in the hope of investment and of giving the plant new life.