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Vilkyškių pieninė AB completed the transaction for the acquisition of 100% of the shares of Marijampolės pieno konservai UAB on 16 January 2026
Globenewswire· 2026-01-16 14:05
Group 1 - The Competition Council of Lithuania approved Vilkyškių pieninė AB's acquisition of 100% shares of Marijampolės pieno konservai UAB for a transaction value of 7.5 million euros, granting Vilkyškių pieninė sole control over the company [1][2] - Following the acquisition, VILVI Group has become one of the largest milk processing groups in the Baltics, with Marijampolės pieno konservai operating two factories that produce canned milk, butter, and various types of milk powder [2][3] - Marijampolės pieno konservai UAB has generated revenues of approximately 65 million euros in recent years, with planned revenues exceeding 100 million euros annually [4] Group 2 - The main activities of Marijampolės pieno konservai UAB will remain focused on producing canned milk and milk powder, with plans for systematic integration into VILVI Group to leverage economies of scale and operational synergies [3] - As of January 16, 2026, VILVI Group comprises several companies, including Vilkyškių pieninė AB, Modest AB, Kelmės pieninė AB, Kelmės pienas UAB, Pieno logistika AB, Baltic Dairy Board SIA, and Marijampolės pieno konservai UAB, employing approximately 1,400 employees [4]