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TGS Baltic and Vinge Advise on Lagercrantz's Acquisition of Majority Stake in Libra-Plast

TGS Baltic and Vinge Advise on Lagercrantz's Acquisition of Majority Stake in Libra-Plast

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The Riga office of TGS Baltic, working with lead counsel Vinge, has advised the Lagercrantz Group AB on its acquisition of a 75% stake in Libra-Plast AS.

Financial details of the transaction were not disclosed. 

Libra-Plast is a producer of doors, hatches, and storage units for the marine industry. The company generated annual sales of approximately EUR 17.7 million in 2020. Lagercrantz is a Stockholm-based business-to-business provider of proprietary technological products.

According to TGS Baltic, as a part of the deal, Lagercrantz also acquired Libra-Plast’s Latvian subsidiaries, Libra Plast SIA and Lanos SIA. 

TGS Baltic’s team included Partner Andra Rubene and Associates Toms Tidemanis and Kaspars Treilibs.