AB Grigeo expands to Poland: a preliminary agreement to purchase a Polish-based tissue paper manufacturer has been signed

AB Grigeo expands to Poland: a preliminary agreement to purchase a Polish-based tissue paper manufacturer has been signed

On 26 September 2023, AB Grigeo signed a preliminary share sale and purchase agreement for the acquisition of one of the factories run by Głuchołaskie Zakłady Papiernicze sp. z o.o (GZP), a Polish manufacturer of tissue paper and cardboard. AB Grigeo intends to acquire a 100% GZP-controlled company to run its tissue paper business in Niedomice, Poland. The deal is expected to close after the conditions precedent provided in the agreement are fulfilled.

According to Tomas Jozonis, CEO of AB Grigeo, expansion to Poland is a strategically planned step that will make it possible for the company to strengthen its position on the tissue paper market in Central and Eastern Europe and to expand its product range.

Glimstedt team, led by Partner Aušra Maliauskaitė-Embrektė and Senior Associate Jurgita Zakarauskienė, took an active role in the project from its outset, and together with a team of financial advisors from Superia, and Polish lawfirm Penteris helped AB Grigeo to achieve the signing milestone.

Glimstedt was the client’s lead advisor in this cross-border transaction and provided the client with a full scope of services specific to M&A transactions, including the assistance in the structuring the deal, drafting the transaction documents, and negotiating the preliminary agreement and other transaction documents.

Read more here: Grigeo AB purchases a tissue paper factory in Poland (nasdaq.com)

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