Business, Business undertakings, Buy / Sell Business, Lithuania, Markets and Companies

After the terms of the agreement are fulfilled and the authorization from the Competition Council of the Republic of Lithuania is received, Grigiskes will obtain control over AGR Prekyba, that owns 100% shares of a company Avesko, which, in its turn, owns 96,18% of shares of Klaipedos Kartonas.

The objective of this transaction is to expand the business of corrugated board and products made of corrugated board of Grigiskes.

Klaipedos Kartonas has invested a lot into renovation of the equipment while economy was growing, so now it produces high quality cardboard paper products: test liner and fluting, that are the main materials used in production of corrugated board. Also in the year 2007, company has launched a new product – paper honeycomb, used in furniture industry.

The company's turnover made up 110 million litas in 2008 and 123.3 million litas in 2007.

After obtaining of Klaipedos Kartonas, the group of Grigiskes will obtain the full cycle business starting with production of the cardboard paper and finishing with production of the products made of corrugated board.