Olainfarm Acquires Tonus Elast, Producer of Elastic Medical Products

Today, on May 12, 2016, Valerijs Maligins, Chairman of the Board of JSC Olainfarm and Ludmila Cecotkina and Irina Vinvalka, co-owners of Tonus Elast Ltd., signed an agreement whereby Olainfarm acquired 100% shares in the above producer of elastic medical products. Value of the transaction was 14 million euros, and during the few coming days it will be registered in Latvian Company Register. Dace Mihnenoka, Chairwoman of Board of Tonus Elast Ltd. will keep her position.

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