Rokiškio sūris to acquire cheese production assets from Pieno žvaigždės

Lithuanian dairy producer Rokiškio sūris has agreed to acquire part of Pieno žvaigždės’ cheese manufacturing facilities in Pasvalys, in a transaction that could enable the buyer to increase its cheese output by more than 50%.

The agreement, signed on 10 November, covers land, buildings, equipment and infrastructure used in the production of semi-finished cheese products. The assets will be transferred through Rokiškio sūris subsidiary RS IT, together with the employment relationships of the workers associated with the facilities.

Pieno žvaigždės will retain its cheese maturation and packaging operations, along with its brands and existing customer contracts. The companies have also agreed that the buyer will continue providing production services to Pieno žvaigždės after the transaction closes.

The purchase price has not been disclosed. Completion is subject to competition clearance if required.

The transaction will redistribute production assets between two major Lithuanian dairy companies while maintaining operational links between their businesses.

Sources: Rokiškio sūris · Pieno žvaigždės.