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We advised Sauplast Oy as it acquired the shares of SeaPack Oy

  • Finland

    13-07-2020

    We acted as legal advisor for Sauplast Oy in a transaction in which it acquired all the shares of SeaPack Oy.

    The agreement concerning the transaction was made in 2017 when Sauplast acquired a part of SeaPack’s shares. The rest of the shares were acquired in July 2020, after which the sale was made public. As part of the arrangement, Sauplast also acquired SeaPack's factory real estate. We advised Sauplast in this transaction as well.

    Sauplast Oy is a Finnish family enterprise offering advanced packaging solutions, plastic bags, sacks and hoods as well as plastic films. The products are suitable for very different kinds of uses, and the company makes printed and biodegradable versions of almost all products to order. After the transaction, Sauplast has factories in Siikainen, Kokemäki and Merikarvia. The company’s turnover increases to over EUR 10 million with the transaction.

    The company has also made local headlines as one of the success stories emerging from the coronavirus crisis, as it recommenced the production of plastic aprons used in healthcare. Read more in an article in Satakunnan kansa (in Finnish).

    Kimmo Suominen, Specialist Counsel

    This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

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