TEGOS (formerly TGS Baltic) advised Global Rubber Industries (Pvt) Ltd in purchasing the shares of Nortire OÜ, a leading distributor of speciality tires in the Baltics, Belarus and Western Russia.
TEGOS team assisted the purchaser in conducting the legal due diligence across the entities in Estonia, Latvia and Lithuania, drafting the share purchase agreement and assisting the client during the negotiations. In additional, TEGOS assisted the client in several post-closing activities.
The team was led by Partners Sander Kärson, Nauris Grigals, Dalia Tamašauskaitė-Žilienė, supported by Associates Indrek Kangur, Kärt Raud, Reinis Grunte, Kaspars Treilibs, Indrė Vickaitė-Liatukė and Junior Counsel Mirko Kikkamägi.
Nortire OÜ, established in 2000 and now having subisidiaries in Latvia and Lithuania and four warehouses across the region, distributes material handling, industrial and construction tires and wheels, rubber tracks, polyurethane wheels and castors.
Global Rubber Industries (Pvt) Ltd is a leading producer of specialty tires from Sri Lanka with offices in six countries and sales in over 50 countries around the world. The acquisition of the Nortire group will further expand the Global Rubber Industries’ global tire service network, whilst attaining a significant foothold in the North European tire market.
For more information, please go to: https://www.mmh.com/article/gri_acquires_nortire_oue_in_northern_europe
