Food and Beverage Business
Finance

Private equity firm to acquire Galinta Group, a Baltic business

Private equity firm to acquire Galinta Group, a Baltic business Bakery and Cereal, Shelf-stable Food and Beverage Business

Galinta, a Lithuania-based supplier of packaged oats, wheat, and rice across the Baltic region, is in the process of being acquired by private-equity firm INVL Baltic Sea Growth Fund.

The terms of the deal have not been disclosed, but the company, which has more than 100 employees, currently sells its staple products under its own brand at retailers such as Rimi.

In addition to offering a range of staples, Galinta also provides private-label manufacturing to retailers and wholesalers, has a buckwheat processing factory, and owns two grain elevators.

According to Galinta Group owner Marijus Mazuch, “this transfer to professional investors will now allow the group to continue growing and further strengthen its already impressive market.”

The company generated around €38.5m ($42.1m) in revenue in 2022. Galinta Group currently has a “strategic position,” and INVL Baltic Sea Growth Fund sees significant potential in the “plant-based food sector” as well as “the field of food processing,” especially in the grain segment. Additionally, in 2022, INVL Baltic Sea Growth Fund invested in Galinta, making it their ninth investment. The fund focuses on the Baltic states, Poland, Scandinavia, and markets in central Europe, with the European Investment Fund (EIF) as its main investor. The deal is expected to be finalized next year, pending competition approval in Lithuania.

For a more comprehensive view, access the company profile through GlobalData and gain a competitive edge.

Furthermore, Deimantė Korsakaitė, managing partner of INVL Baltic Sea Growth Fund, stated the company has “the potential for rapid growth by both increasing volumes in existing markets and expanding into the new ones as well as the launch of new product segments.”

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