GLIMSTEDT advised UAB Veika, ink manufacturing company, on the sale of the part of the business -
manufacturing and distribution of Ecosolvent ink Eco Balance and distribution business of digital printing PVC wallpaper Decojet's - to Mimaki Lithuania, UAB. The value of the deal is confidential.
The transaction ended in March 2017.
UAB Veika is a producer of water and solvent-based printing inks and coatings for screen, gravure and flexo as well as for inkjet printing. Its product application field is the wall-covering industry, as well as wide format digital printing.
Mimaki Engineering Co. Ltd. is the digital printing technology giant. Mimaki Engineering Co. Ltd. is publicly listed on Tokyo Stock Exchange.
GLIMSTEDT lawyers structured the deal, drafted the transaction documents, represented the client in negotiations, provided other legal support on various transaction related legal matters (part of the business transfer, real estate, employment, intellectual property, etc.) The legal team included GLIMSTEDT Associate Partner Aušra Maliauskaitė-Embrektė and Senior Associate Audrius Žvybas.