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.