Ellex has advised the Vilvi Group on the acquisition by its subsidiary AB Vilkyskiu Pienine of 70% of the qualifying holding of the SIA Baltic Dairy Board. Vilgerts advised the seller on the deal.
The SIA Baltic Dairy Board is a Latvian manufacturer and retailer of dairy products. The Vilvi Group operates four food-processing factories in Lithuania, which produce cheese, kefir, yogurt, and cream, among other dairy products.
According to Ellex, “investing into SIA Baltic Dairy Board, AB Vilkyskiu Pienine aims to strengthen and develop the assortment of the group’s high value-added dairy ingredients.” In addition, according to the firm, “the 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.”
Ellex’s team consisted of Latvia-based Partner Inita Jurka, Senior Associate Zane Miglane, and Associates Eduards Dzintars, Ineta Kanepe, Marats Golovkins, and Kristers Losans, as well as Lithuania-based Partner Paulius Gruodis, Senior Associate Mantas Juska, and Associate Ieva Krivickaite.
Vilgerts' team included Partner Gints Vilgerts, Senior Associate Janis Kubilis, and Associate Kaline Ozola.