“GRIGISKES”, AB and “HANNER”, AB have signed a selling-purchasing agreement
on
obtaining of 100% shares of „AGR Prekyba“, UAB. After the terms of
the
agreement are fulfilled and the authorization from the Competition Council
of
the Republic of Lithuania is received, „ GRIGISKES“, AB will obtain
„AGR
Prekyba“, UAB, that owns 100% shares of „AVESKO“, UAB. „AVESKO“, UAB
owns
96,18% shares of „KLAIPEDOS KARTONAS“, AB. 
The objective of this
transaction is to expand the business of corrugated board
and products made of
corrugated board of “GRIGISKES”, AB. 
„KLAIPEDOS KARTONAS“, AB has invested a
lot into renovation of the equipment
while economy was growing, so now it
produces high quality cardboard paper
products: testliner and fluting, that
are the main materials used in production
of corrugated board. Also in the
year 2007, company has launched a new product
- paper honeycomb, used in
furniture industry. Company's turnover made LTL 110
mln. (EUR 31,9 mln.) in
the year 2008 and LTL 123,3 mln. (EUR 35,7 mln.) in the
year 2007. 
After the
obtaining of „KLAIPEDOS KARTONAS“, AB, the Group of „GRIGISKES“, AB
will
obtain the full cycle business starting with production of the cardboard
paper
and finishing with production of the products made of corrugated board.
The
Group will be also augmented by OAO „MENA PAK“, subsidiary of
„KLAIPEDOS
KARTONAS“, AB, that operates in Ukraine and produces packaging from
corrugated
board. 


Gintautas Pangonis
General Director
(+370-5) 243 58
01