Sorainen has advised Mantinga on its acquisition of Fresh Food Production from Orkla Latvija. Ellex advised the seller.
Founded in 1998, Mantinga is a bread, snacks, and frozen products producer in the Baltics. Mantinga’s products are manufactured in three factories and exported to around 40 countries.
Orkla Latvija company Fresh Food Production specializes in convenience food, such as sandwiches, burgers, and paninis.
"Acquiring a company in Latvia directly correlates with our strategic direction to grow efficiently and sustainably," Mantinga CEO Mantas Agentas commented. "We have accumulated almost 25 years of experience in the field of food production and aim to grow in a market segment whose popularity has been rising for years. This summer fixates a record for snacks, especially sandwiches, and they are the main product of the acquired company. The synergistic activity of the two factories will allow us to better meet customer expectations and expand the segment of chilled products."
The Sorainen team included Managing Partner Eva Berlaus, Senior Associates Natalija Sestakova and Liva Aleksejeva, and Associates Alise Igale and Kate Berlaua.
The Ellex team included Partner Sarmis Spilbergs and Associate Partner Maris Brizgo.
