Julius Kvaraciejus, a prominent figure in the Lithuanian dairy industry and the main shareholder of the company 'Pieno žvaigždės', died on Tuesday at the age of 68. According to reports, his passing was confirmed by 15min, a local news outlet. Kvaraciejus had been an influential player in the company, which reported a revenue of 150 million euros in 2016 and has its products exported to over 40 countries. His contributions significantly shaped the dairy processing landscape in Lithuania.

In addition to his role in 'Pieno žvaigždės', Kvaraciejus was actively involved in agricultural investments, having purchased the agricultural company 'Draugas' in 2004 in order to address concerns raised by milk producers about the industry's challenges. His endeavors aimed not only at expanding his business portfolio but also at enhancing the understanding of issues within the dairy sector, indicating a deeper commitment to improving the industry from a producer's perspective.

The company's workforce includes 210 employees, showing the scale of his business operations. His death marks a notable event in Lithuania's business community, especially within the dairy sector, where his leadership and vision will be missed. The company, now partially owned by his wife, Regina Kvaraciejus, may face new challenges in maintaining its influential position in the market in the wake of his departure.