Barrus AS, one of Europe’s leading manufacturers of glued laminated pine components, has signed a transaction with private equity fund Livonia Partners to acquire a majority stake in Glassense, the Baltics’ leading glass manufacturer. The deal was advised by Law Firm TARK.
Tanel Tark, managing partner, and Marit Savi, partner at Law Firm TARK, advised Barrus throughout the entire acquisition process, ensuring smooth execution and legal clarity at every stage.
“The rationale behind the deal is simple and straightforward: the previous majority shareholder wanted to sell, and we saw an opportunity we decided to pursue. We believe in the strength of Estonian industry, as well as in our own experience and capabilities,” said Martti Kork, CEO of Barrus.
Kork emphasized that the transaction is a strategic financial investment, and both companies will continue to operate independently. Existing brand names, employee contracts, and business partnerships will remain in place. Barrus’s goal is to drive continued product development, maintain employee well-being, and enhance customer satisfaction.
Kaido Veske, partner at Livonia Partners, added that Glassense joining the Barrus group was a natural progression. “Barrus has been active in glass manufacturing for some time, and their expertise in both the timber and glass sectors provides a solid foundation for further growth,” he said.
Glassense traces its roots back to 1997. The company has operated under its current name since 2022, following the merger of Klaasimeister and Baltiklaas. Today, Glassense offers a wide range of glass products—from insulated glass units to façade and interior glass solutions—and is a market leader in the Baltics, with a strong presence in the Nordics.
Founded in 1993, Barrus AS is an Estonian company specializing in the production of glued laminated pine components. The majority of its products are exported to Scandinavian markets, with recent expansion into the United States. Barrus is committed to sustainable manufacturing and has been awarded Gold Level status in the Responsible Business Index.
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Photo: Barrus
