Latvian Arbo Windows acquires Lithuanian Arlanga Wood

2024 - 02 - 21

Arbo Windows, a Latvian manufacturer of wooden windows, has acquired one of the largest Lithuanian wooden window manufacturing companies UAB Arlanga Wood, which was previously owned by Arūnas Mažonis, the founder of the Arlanga Group.

The merger will provide an even broader range of high-quality wooden windows and doors to the customers of these companies in the Nordic countries and Western Europe. The transaction was financed by BluOr Bank and secured by Altum, a Latvian development finance institution.

Arlanga Wood will continue to operate under the Arlanga Wood brand, while A. Mažonis will continue to manage Arlanga alu and Arlanga PVC. Arbo Windows intends to maintain its rapid growth while also looking for new strategic acquisition opportunities.

Arlanga Wood is a Lithuanian manufacturer of high-quality wooden windows and doors, serving its customers in Norway, Denmark, and Iceland for more than 30 years.

Arbo Windows is a Latvian manufacturer of high-quality wooden windows and doors, serving customers in Sweden, the United Kingdom, France, Japan, and the United States of America.

COBALT represented SIA Arbo Windows on all legal and due diligence issues in this transaction. The team was led by Partner Elijus Burgis, Specialist Counsel Deimantė Pagirienė and Associate Ieva Milkamanavičiūtė.

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