Raidla Ellex has advised Aeroc International AS with the acquisition of VKG Plokk OU from Viru Keemia Grupp AS. The sellers were advised by LINKLaw.
VKG Plokk produces aerated concrete blocks and sells its products in Estonia and exports abroad under the Roclite trademark.
Ivar Sikk, a member of the management board of Aeroc International AS, said that the acquisition of the business is an important step in implementing the company’s strategy that will enable to increase competitiveness on the Baltic block market. “We will use the potential of the VKG Plokk factory to increase our production efficiency and extend production volumes, continuing the production and sales of aerated concrete products under the Roclite trademark. With this transaction, Aeroc International AS reinforces its position as the largest producer of aerated concrete blocks in northern Europe.”
The Raidla Ellex team was led by Partner Risto Vahimets, supported by Senior Associate Karl-Erich Trisberg and Lawyer Anna Trine Raudsepp.
The LINKLaw team advising Viru Keemia Grupp AS on the transaction was led by Partner Kairi Kurisoo, supported by Attorneys-at-law Liina Rekand and Maksim Kozlov.