Sangaida has been acquired by Gemoss

The Latvian hospitality supplier Gemoss has acquired 100% of the shares of the Lithuanian company Sangaida, expanding its presence in the Baltic market. Both companies specialize in the sale of professional machinery, equipment, dishes and accessories for the hotels, restaurants and catering (HoReCa) sector, and offer equipment rental, maintenance and training services. This transaction marks the next step in Gemoss’ strategy to build a regional leader in the Baltics.

Sangaida offers a wide range of products for the HoReCa sector in Lithuania, ranging from the smallest disposable and serving utensils to large professional equipment. The company represents over 200 of the world’s leading producers and brands for kitchenware, table settings, bars, restaurants and hotels.

Latvian company Gemoss is one of the leading suppliers to the hospitality industry in the Baltics, offering a full range of services including food raw materials, products and non-food goods, professional equipment, machinery, inventory rental and maintenance services.

Oaklins’ team in Lithuania acted as the sell-side advisor to the shareholders of Sangaida.