Vilvi Group acquires a dairy manufacturing company in Latvia
AB Vilkyškių Pieninė, which belongs to Vilvi Group, has completed the procurement of 70% of the qualifying holding of SIA Baltic Dairy Board, which produces high value-added dairy ingredients.
The client was advised by senior associate Mantas Juška, partners Paulius Gruodis and Inita Jurka from Ellex Klavins, and associate Ieva Krivickaitė. SIA Baltic Dairy Board is a Latvian company, specialising in producing and selling high value-added dairy ingredients, and milk and whey separation. According to preliminary and unaudited data, SIA Baltic Dairy Board turnover in 2020 was 4.9 million Eur, while the company’s net profit – 1.47 million Eur.
Investing into SIA Baltic Dairy Board, AB Vilkyškių Pieninė aims to strengthen and develop the assortment of the group’s high value-added dairy ingredients. The new Vilvi Group company in Latvia is one of the few Northern European companies, developing and manufacturing products, used for baby foods (galactooligosaccharide products).
Vilvi Group will make use of the newly-forged synergy among the current group members and the SIA Baltic Dairy Board in the processes of whey separation and raw material procurement.
Vilvi Group is a TOP 5 dairy processor in Lithuania and has the newly built most modern whey processing plant in Northern Europe with a fully automated processing process. As a result, the Group can offer consumers the highest quality whey products.
AB Vilkyškių pieninė is a listed company whose shares are traded on AB Nasdaq OMX Vilnius stock exchange.