Law Firm TARK advised the Estonian-owned company Svensky Kaubanduse AS in a transaction to acquire the Põltsamaa food production business unit from Orkla Eesti AS. In addition to the sale of the factory and brands, the parties have agreed on a future strategic partnership – Orkla Eesti will remain a customer of the Põltsamaa plant, continuing to order various products in the future.
Sven Voites, CEO of Svensky Kaubanduse AS, commented on the transaction and future plans: “Põltsamaa is a strong and beloved Estonian brand with a long history and great potential. Our goal is to develop both the production and the brand long-term, relying on local expertise and the existing team.”
Svensky Kaubanduse AS is an Estonian-owned company with extensive experience, operating across the wholesale, logistics, and manufacturing sectors. The acquisition of the Põltsamaa business unit marks a significant milestone in the company’s ongoing expansion and the strengthening of its market position.
TARK advised Svensky Kaubanduse AS in all stages of the transaction, including conducting the legal due diligence and drafting and negotiating the transaction documents.
The TARK team was led by Partner Marit Savi. The team also included Partners Tanel Tark and Tanel Küün, and Jurist Tarvi Salu.
We would like to thank our client for their trust and recognize the Orkla Eesti team for a constructive transaction process. We also thank the other advisors to Svensky Kaubanduse for the pleasant cooperation: Valeria Kiisk (Redgate Capital) and Kristjan Puu (BDO Eesti).
The completion of the transaction is subject to approval by the Estonian Competition Authority.
Read more about the transaction on the ERR news portal (in Estonian).
Photo: orkla.ee
