“Malsena”, one of the biggest and advanced grain processing industrial groups in Lithuania, expanded its market coverage by acquiring Rīgas Dzirnavnieks in Latvia.
Rigas Dzirnavieks is a leading company in the field in Latvia and prior to acquisition was a part of a part of Lantmännen group, which is one of the largest groups in food, energy and agriculture sector in Northern Europe. Following the completion of the transaction Malsena will become the largest flour producer in the Baltics.
TGS Baltic served as buyer’s legal advisor. The team consisting of Vidmantas Drizga and Deimantė Korsakaitė from Vilnius Office, and Andra Rubene, Nauris Grigals, Maris Liguts, Mara Stabuliniece and Matiss Rostoks from Riga Office provided full transaction services in relation to the transaction, including the due diligence, drafting of transaction documents and representing the buyer in the negotiations. The joint effort of lawyers from our two offices ensured efficient and high quality services for the client in this cross-border transaction.
CEO of “Malsena“ Gintautas Migonis commented to media, that the transaction will strengthen the position of both companies, will offer a broader selection of high value added products and will help the company in becoming a successful exporter in the international markets.
“Malsena” is one of the biggest and advanced grain processing industrial groups in Lithuania. Having mastered the modern milling technology, the company produces a wide range of products: different types of wheat and rye flour, flour mixes, wheat germ and bran.
More information: www.malsena.lt/en, https://www.rigas-dzirnavnieks.lv/en
