Household chemical manufacturer Spodrība has been sold to Naujoji Ringuva
December 2021 — Naujoji Ringuva AB has acquired Spodrība.
Naujoji Ringuva is a Lithuanian-based producer of home cleaning and body care products, with priority to eco-friendliness, naturalness and innovation. It has a strong brand portfolio, including Balance, Ringuva, Smile and Tindi. The company’s strategy is to grow through the production of natural and ecological detergents and personal care products.
Spodrība is a Latvian-based producer of ecological household cleaning and personal hygiene products. It develops products in line with the eco-friendliness strategy and owns Seal, Eco, Kastanis, VITO and other brands.
Our role in the transaction
Oaklins’ team in Lithuania acted as advisor to the buyer in this transaction.
Talk to the deal team
Related deals
Rustins has been acquired by Remmers
Germany’s Remmers Gruppe SE has acquired UK coatings maker Rustins. The acquisition strengthens Remmers’ presence in the UK and expands its product portfolio and distribution channels. While Remmers has an established UK business focused on industrial flooring and wood coatings, Rustins brings complementary product ranges, established trade and distribution relationships and access to new customer groups in the DIY, painting and household retail sectors. Following completion, Rustins Group is wholly owned by Remmers, which has acquired all shares in Rustins Holdings Limited, including its operating company, Rustins Limited.
Learn moreMattina Holding has sold a 5% stake in Gens Aurea via accelerated bookbuild
Mattina Holding S.A. (DVC Partners) has sold a 5% stake in Italian company Gens Aurea S.p.A. through an accelerated bookbuild, raising approximately US$69.96 million.
Learn moreTNT has been acquired by PM Studio
TNT Group has been acquired by PM Studio Group, backed by Andera Partners, bringing together two complementary specialists in premium packaging for the beauty and luxury industries. TNT’s expertise in bespoke primary packaging complements PM Studio’s secondary packaging, gifting and creative design capabilities, creating a broader, integrated offering for major luxury brands. The transaction strengthens the group’s geographical footprint in Asia and the USA, diversifying its customer portfolio. The combined group generates over US$145 million in revenue and has approximately 150 employees worldwide. Following the transition of operational leadership to CEO Damon Kennish, the founders completed the sale to PM Studio while making a significant reinvestment alongside the management team, demonstrating their confidence in the combined group’s long-term potential. It aims to reach US$280 million in revenue by 2029 through organic growth, commercial synergies and further acquisitions.
Learn more