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The global sustainability leader is coming to the Baltics: TGS Baltic advised IFCO SYSTEMS in acquiring UAB PlasticPack

19.01.2023 The global sustainability leader is coming to the Baltics: TGS Baltic advised IFCO SYSTEMS in acquiring UAB PlasticPack

Our experts Aurimas Pauliukevičius and Indrė Vickaitė-Liatukė advised IFCO SYSTEMS, the world's leading supplier of reusable packaging containers (RPC) for fresh food products, in acquiring 100% of shares in UAB PlasticPack from the previous owners who are private individuals.

By acquiring PlasticPack, IFCO is entering in the Baltic markets. IFCO Group has been contributing to resource-efficient, circular economy for three decades already. IFCO’s customers have reduced product damage by over 96% and reduced CO2 emissions by up to 60% since switching to IFCO’s products and services based on IFCO’s share-and-reuse supply chain model.

PlasticPack provides an environmentally friendly solution for packaging, allowing the clients of PlasticPack to avoid excess cardboard packages.

This transaction would strengthen the tendencies of transactions in ESG-sensitive industry sectors in Lithuanian market. Our team assisted the client on all the transaction-related matters, due diligence and negotiations regarding the share purchase agreement.

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