BaltCap Latvia Venture Capital Fund sells EKJU SIA, a leading European producer of wood garden furniture, to AMATA SIA with backing from FlyCap and Signet Bank, aiming to further expand in European markets.
Target Company Information
EKJU SIA is a prominent producer in the European wooden garden decoration and furniture sector. Renowned for its commitment to quality, EKJU specializes in environmentally friendly products derived from wood sourced from sustainably managed forests in the Baltic and Nordic regions. The company boasts a comprehensive order delivery process encompassing design creation, manufacturing, and delivery to the end customer.
Since BaltCap’s initial investment in 2012, EKJU has experienced significant growth, with sales increasing from €5.6 million to over €13 million in 2020. This growth trajectory was supported by a strategic focus on internationalization, particularly in markets such as France, the UK, and Germany. The introduction of advanced e-commerce capabilities has further solidified EKJU's position as a leader in the sector.
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Industry Overview in Latvia
The wood industry in Latvia plays a crucial role in the nation's economy, benefiting from vast forest resources and a robust infrastructure for production and export
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Revenue: $14M