On 10th of November 2026, AB Rokiškio sūris signed an Asset Purchase Agreement with AB Pieno žvaigždės for the acquisition of assets of a cheese manufacturing plant located in Pasvalys, Lithuania. The total amount of the transaction is not disclosed by agreement of the parties.
The assets to be acquired primarily comprise land plots, buildings, production equipment and related infrastructure associated with cheese manufacturing operations. The transaction is structured as an asset acquisition and does not involve the acquisition of shares in AB Pieno žvaigždės.
The transaction excludes the equipment, buildings and related infrastructure required for cheese ripening (maturing) and packaging operations at the Pasvalys cheese plant.
The assets to be acquired under the agreement also exclude AB Pieno žvaigždės' trademarks, other intellectual property rights, and existing agreements with suppliers and customers. These rights and agreements will not be transferred to the buyer.
Ownership of the acquired assets will be transferred to the AB Rokiškio sūris group through its subsidiary UAB RS IT, which was established specifically for this purpose and is wholly owned by AB Rokiškio sūris.
The sole condition precedent to the completion of the transaction is obtaining clearance for the concentration from the Competition Council of the Republic of Lithuania, if such clearance is required.
Upon completion of the transaction, the AB Rokiškio sūris group would have the capacity to increase production volumes of its core product – cheese – by more than 50%. This acquisition would enable the group to maintain its leading position in the dairy processing and cheese manufacturing sectors in the Baltic States and create opportunities for further business expansion.
AB Rokiškio sūris will announce the completion of the transaction separately.
CEO
Dalius Trumpa
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