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.
Talk to the deal team
Related deals
Armira has signed an agreement to acquire a majority stake in Viabus
Armira, a Germany-based investment firm, has signed an agreement to acquire a majority stake in Viabus, a leading Dutch tour operator focused on senior and young senior travelers.
Learn moreStrikeforce has acquired Retail Safari from CPM Australia
Strikeforce AMC Pty. Ltd. has acquired Retail Activation Pty. Ltd., known as Retail Safari, from CPM Australia Pty. Ltd. The acquisition represents a strong strategic fit for Strikeforce, expanding the group’s presence across adjacent retail channels in consumer electronics, telecoms and financial services, as well as enhancing its field activation and consumer marketing capabilities.
Learn moreHadrian Air Conditioning has been acquired by Armstrong Hurst Limited
Hadrian Air Conditioning and Refrigeration Company Limited, a specialist air conditioning installation and maintenance business, has been acquired in a management buy-out by longstanding employees Kevin Armstrong and Mick Hurst from the existing owners, Alan and Libby Unsworth.
Learn more