We are advising Klaasimeister, a leading glass processor in the Baltic Sea region, on the merger with Polar Glass.
According to the agreement, the current owner of Klaasimeister, Baltic private equity fund Livonia Partners, will become the majority shareholder while the current owner of Polar Glass, Barrus, continues as the minority shareholder. The transaction is subject to approval by the Estonian Competition Authority.
Both companies have produced glass solutions for numerous projects across Estonia and Europe, including well-known public buildings as well as office buildings. For example the Tower Bridge in London, Eiffel Tower in Paris, Oslo airport, Victoria Tower in Stockholm, Helsinki Central Library Oodi, BMW Welt Munich, Danish Museum of Nature in Copenhagen, Hilton hotel Tallinn, Estonian National Museum ERM, Arvo Pärt Centre, the new Acropolis Museum in Athens and many more.
Growth in focus
The aim of the merger is to expand the company’s product offer and customer portfolio while becoming one of Europe’s leading providers of glass solutions for different buildings. “The strategy of the future group is to focus on highly valued glass solutions, which will enable the creation of more energy-efficient buildings with a better indoor climate. We have recently entered the British market and we see growth opportunities in the wider European market, but also in North America, “ added Karla Agan, Chairman of the Management Board of Klaasimeister.
Our services and client team
We are advising Klaasimeister on all legal matters related to the merger, including getting approval from the Competition Authority.
Our client team is led by counsel Piret Lappert, supported by partner Toomas Prangli. The client team also includes partner Kaido Künnapas, counsel Piibe Lehtsaar as well as associates Liisa Kuuskmaa and Kristi Tammiku.