Medienos plaušas AB
Sale date:
1998 year
Company activity:
Manufacturing of soft fibreboards and moulded-fibre packaging
Invested:
€1 million (1992)
Dividends received:
€0.2 million
Sales amount:
€4.6 million
The company was incorporated in 1956 and in 1992 Invalda acquired 53 % of shares of Medienos Plausas AB for EUR 0.15 million. Following the company's privatisation the key task became the modernisation of the equipment operated by Medienos Plausas. In 1997 Medienos Plausas was granted an award of the Lithuanian Confederation of Industrialists for its contribution into the modernisation of production, continuous improvement of working conditions, successful expanding of the production range and its sales markets.
In 1998 Invalda AB sold the shares of Medienos Plausas to SCA Group for EUR 3.8 million. Additionally EUR 0.8 million was gained from the block of shares sale to another investor.