Vilniaus baldai AB

The first time Invalda invested in Vilniaus Baldai during the privatization process in 1992 and it was one of the first investments of Invalda. Controlling stake in Vilniaus Baldai was acquired in 1995. In 2013 a tender offer was launched and investment was further increased.

A professional and independent management team was formed in the company. This management team has successfully implemented the necessary changes and ensured continuing development. Vilniaus Baldai has given much attention to increasing its production efficiency and improvement the quality of manufactured products, which has allowed to continually grow and expand. In 2005 Vilniaus Baldai has completed EUR 11.6 million value investment in the new production unit, thus significantly increasing its manufacturing capacity. In 2011 the company's sales amounted to EUR 68.9 million.

In 2005 Vilniaus Baldai acquired 25% in Giriu Bizonas. This company used EU support, borrowed and own funds (a total more than EUR 57.9 million) and opened a new particle boards' factory in 2007. In 2008 Giriu Bizonas was sold to Swedish concern IKEA, which is the main Vilniaus Baldai production buyer. Vilniaus Baldai received EUR 9.24 million) for 25% of stake in Giriu Bizonas and has earned from the transaction nearly EUR 1.74 million profit.

At the moment of exit Vilniaus Baldai was a leading producer of furniture made of wood particle boards, using the most modern honeycomb substrate technology. Modern production processes and continuous efficiency improvement have enabled the company to have one of the highest return rates in the region among companies specializing in the contract furniture manufacturing. According to the sales per employee, Vilniaus Baldai was one of the most effective company's in the region.