Go to deals
Consumer & Retail

Cosmetics wholesaler Kruzas has been acquired by Berner

The Finnish company Berner Ltd. has acquired UAB Kruzas Nordic Cosmetics Distribution, a leading independent cosmetics wholesaler in the Baltics.

UAB Kruzas Nordic Cosmetics Distribution is one of the largest independent cosmetics and perfume importers and wholesalers in the Baltic countries. In 2007, the company opened its subsidiary SIA Kruzas NCD Latvia and in 2009, it expanded to Estonia. The firm has over 90 employees across the region. UAB Kruzas Nordic Cosmetics Distribution represents international brands such as Antonio Banderas, Bourjois, Collistar, Isadora, Lierac, Lumene, Make up Forever, Rimmel, COTY, Sebamed and Vichy.

Berner is a Finnish family-owned company that has built its product brands over 130 years. The company’s key focus is on cosmetics. It is also engaged in the manufacturing and distribution of consumer and sports products and agriculture production. This acquisition of an existing wholesale company will help consolidate Berner’s presence in the Baltic states.

Oaklins’ team in Lithuania acted as the exclusive financial advisor to the seller in this transaction.

Parties

Talk to the deal team

 Martynas  Visockas

Martynas Visockas

Partner
Vilnius, Lithuania
Oaklins Baltics
 Marius  Binkevičius

Marius Binkevičius

Partner
Vilnius, Lithuania
Oaklins Baltics

Related deals

sigo green GmbH has acquired the assets of sigo GmbH in the context of the insolvency in self-administration
Consumer & Retail | Real Estate | TMT

sigo green GmbH has acquired the assets of sigo GmbH in the context of the insolvency in self-administration

sigo GmbH has sold its assets as part of a transferring reorganization to sigo green GmbH.

Learn more
Delaware Valley Floral Group has been acquired by Staple Street Capital
Private Equity | Agriculture | Consumer & Retail

Delaware Valley Floral Group has been acquired by Staple Street Capital

The owners of Delaware Valley Floral Group, Inc. (DVFG) have sold the company to Staple Street Capital.

Learn more
OTS has received valuation services
Consumer & Retail

OTS has received valuation services

OTS Open Travel Services AG, a subsidiary of MTS Globe Group, is a leading hotel trading provider based in Glattbrugg, Switzerland. OTS acts as a B2B hotel trading intermediary paring travel sellers, such as travel agencies and tour operators with accommodation providers.

Learn more