Ellex has advised Hollister Incorporated on launching a new shared services center in the Kaunas Free Economic Zone, in Lithuania.
Hollister is a global healthcare company. According to Ellex, it has "chosen to broaden its operational services by launching a new shared services center in the Kaunas Free Economic Zone. The new center will provide finance and accounting services for various Western and Central European companies."
"Hollister entered the Lithuanian market in 2017, investing approximately EUR 50 million in the newest manufacturing plant in the Kaunas FEZ territory. The plant produces ostomy care and continence care products," the firm reported. The new investment represents "the company’s ongoing commitment to Lithuania, highlighting their confidence in the country’s business-friendly climate and extensive talent pool."
Back in 2019, Ellex advised Hollister on the construction of a factory in the Kaunas FEZ territory (as reported by CEE Legal Matters on October 11, 2019).
The Ellex team included Partner Ruta Armone, Associate Ausra Abraityte-Gedmine, and Junior Associate Ruta Tamulionyte.