LitCapital sells stake in Putoksnins

Business management consulting company 3 Rill has acquired one third of the shares of Putoksnins, a manufacturer of PET pre-forms and PET containers in Lithuania.

The firm 3 Rill bought the shares from growth capital fund LitCapital, which invested in Putoksnins in 2011. The financial terms of the transaction were not disclosed.

According to LitCapital, Putoksnis had €35m of revenue and €2.8m of Ebitda in 2015. The company’s Ebitda has increased threefold since 2011, LitCapital said.

Putoksnis was established in 1994 and has manufacturing plants in Lithuania. The company exports its products to countries in western, central and eastern Europe as well as to the Commonwealth of Independent States and Scandinavia. 

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