Atlas Premium Lietuva purchases fish production facility in Klaipėda FEZ

Atlas Premium Lietuva, owned by Norwegian company Hofseth International through a Latvian entity, acquires seafood processing plant in Klaipėda FEZ from Espersen Lietuva.

Following Espersen’s decision to end its 21-year operations in Lithuania and relocate production to Poland, Atlas Premium initiated negotiations and successfully completed the acquisition. This acquisition will help reduce production costs while ensuring the highest standards of product quality and customer service. Notably, the deal helped keep existing employees’ positions.

We are glad that this highly complex transaction, which involves not only acquisition issues but also complex real estate, security, employment and tax issues, was signed in record time – just one week after negotiations began – and completed in less than three months from signing. Atlas Premium Lietuva was advised on all legal matters related to the acquisition of the plant by the COBALT team: Managing Partner Dr Irmantas Norkus, Partner Artūras Kojala, Associate Partner Jovita Valatkaitė, Specialist Counsel Sandra Sidoraitė, Senior Associates Eglė Tamavičiūtė, Viktorija Varnaitė and Giedrė Burdulytė, Of Counsel Aurimas Ulevičius, and Associate Ieva Milkamanavičiūtė.