Rani Plast acquires Lithuanian film manufacturer UAB Umaras

Rani Plast has acquired the Lithuanian packaging film manufacturer UAB Umaras. The two successful family-owned companies have joined forces to offer their customers a wider product range and better meet their needs. The acquisition also strengthens the companies’ market positions in a geographical sense.

Umaras, located in Utena, Lithuania, produces industrial packaging film, has 215 employees, and an annual turnover of around €40 million. Approximately half of its annual production is sold within the Baltic states, and the remainder in other export markets. Following the completion of the deal, Rani Plast’s sales director, Dennis Granqvist, will succeed Umaras’ former owner Milda Samsonaitė as CEO.

Stefan Kaptens, CEO at Rani Plast, describes the deal as an excellent way to expand the business and create new global partnerships in line with the company’s long-term strategy.

—I look forward to developing the business at Umaras and to investing in the facility. Integration with our main factory in Terjärv will start immediately.

I look forward to developing the business at Umaras and to investing in the facility. Integration with our main factory in Terjärv will start immediately.

Stefan Kaptens, CEO at Rani Plast

Milda Samsonaitė, former CEO and shareholder of Umaras, believes Rani Plast is an excellent fit for Umaras’ employees, clients, and the local community.

—Over the last 30 years, Umaras has become one of the leading Baltic manufacturers of flexible packaging. I am pleased to hand over a successful business to a company such as Rani Plast, which has a long tradition of quality packaging and strong values. I trust that the transition will benefit Umaras’ employees, clients, and the local community of Utena.