Ellex has advised on Orkla’s opening of a new EUR 100 million biscuit and wafer production plant in Adazi, Latvia.
Orkla is a producer and supplier of fast-moving consumer goods in the Baltic states.
According to Ellex, the new production plant is the largest specialized biscuit and wafer production plant of this type and the largest newly built Orkla production plant with the aim of producing products for both the local Latvian market and the entire market of Northern Europe. “Almost EUR 100 million have been invested in its construction and technological equipment, which is the largest investment in the Latvian food production industry of recent years.”
In 2022, Ellex advised on Mantinga's acquisition of Fresh Food Production from Orkla (as reported by CEE Legal Matters on October 10, 2022).
The Ellex team included Partner Ivars Pommers, Senior Associate Inese Freivalde, and Associate Ineta Kanepe.