TEGOS assisted the shareholders of SIA Futurus Food in preparing the company for sale and successfully selling 100% of its shares to UAB Sakalas. UAB Sakalas is a Lithuanian company and one of the leading distribution service providers in the Baltic region. The transaction involved a strategic reorganisation of SIA Futurus Food. That included the spin-off of its real estate business from its core operations and the subsequent lease of the property back to the company. The spin-off was completed on 29 September 2023. The share sale agreement was signed on 27 June 2025, and the transaction was closed on 2 July 2025.
Our team and involvement
TEGOS provided comprehensive legal support throughout the transaction, including the reorganisation of SIA Futurus Food andthe lease of the spun-off real estate back to SIA Futurus Food. As part of this, our assistance involved also drafting, negotiation, signing, and implementation of the transaction documents for the sale of SIA Futurus Food’s shares and transitional services.
TEGOS Partner Andra Rubene and Senior Associate Anna Vaivade provided legal support to the shareholders of SIA Futurus Food and SIA Zelta Tornis throughout the transaction.
About SIA Futurus Food
SIA Futurus Food is a Latvian food company specialising in the packaging, wholesale distribution, and export of food products. It supplies over 350 public institutions, collaborates with major retailers and 2,000 small stores. In addition, the company serves the hospitality, restaurant, and catering (HoReCa) sector. With a portfolio of around 1,400 products and strong partnerships with international producers, the company is known for introducing popular brands to the Latvian market. Futurus Food employs 120 professionals and emphasises strategic growth through market research and efficient logistics.
About UAB Sakalas
Sakalas, UAB is one of the leading distribution service providers in the Baltic region. The Company offers tailored distribution solutions. Those include product import, warehousing, market entry support, and the development and implementation of sales and marketing strategies.
