SPODRĪBA AND NAUJOJI RINGUVA JOIN FORCES BY SETTING UP A LEADER IN THE BALTIC REGION

On 7 December 2021, a merger transaction between two historical producers of cleaning products – SPODRĪBA, AS registered in Latvia and NAUJOJI RINGUVA, AB registered in Lithuania – was closed thus forming one group of companies. As a result of the merger, an obvious leader in the Baltic region in the field of production of cleaning products, which focuses on the development of eco-friendly and innovative products has been created.

According to the counterparties, the key factor in the successful outcome of the business merger negotiations was the desire of both the partners to create a leader in the Baltic region and to lay down a strong basis for further business development. 

“SPODRĪBA is the undisputed leader in the development of eco-friendly cleaning products in Latvia, but regional leadership can be achieved more quickly by joining forces with other players in the region. We believe that NAUJOJI RINGUVA is the best partner for this purpose,” said Fridrik Ingi Fridriksson, Chairman of SPODRĪBA, AS Board.

“NAUJOJI RINGUVA is consistently implementing its strategy to develop innovative and environmentally-friendly products that require significant human and financial resources. Combining the best practices and resources of SPODRĪBA and NAUJOJI RINGUVA will allow us to become a regional leader in this field,” said Jurgita Žilvinskaitė, General Manager of NAUJOJI RINGUVA.

AS SPODRĪBA is the largest manufacturer of household chemicals, body care, plant fertilisers and disinfection agents in Latvia, which is known to customers through the product brands - SEAL, SEAL COSMETICS and ECO SEAL FOR NATURE found on the shelves of stores. The company was established in 1921.
About NAUJOJI RINGUVA, AB: The company was established in 1920. It develops and manufactures home cleaning and body care products, with priority to eco-friendliness, naturalness, and innovation. The company develops the following brands: BALANCE, RINGUVA, SMILĖ, TINDI. In 2020, the company’s turnover exceeded EUR 5 million, and EBITDA – EUR 1.2 million.