Ellex Valiunas has advised the EBRD on its EUR 15 million loan to ECSO. Walless advised the borrower.
ECSO is a Lithuanian plastic pellet producer that produces pelletized polymer (LDPE) granules using recycled industrial and household plastic waste. The granules are in turn used in the manufacture of products such as plastic packaging and bags. ECSO is owned by private equity investor Abris Capital Partners.
According to Ellex, "the EBRD’s partnership with ECSO will support the company’s capital expansion plans, which are aimed at implementing new solutions such an automatic sorting center for waste input, and the improvement of product filtration systems, quality control, and water filtration systems. These solutions will lead to a more efficient production process and improve the quality of ECSO’s products."
The Ellex team included Associate Partner Egle Neverbickiene, Associate Ainis Augustas Petrulis, and Expert Tadas Kavaliauskas.
The Walless team included Partner Gediminas Reciunas, Associate Partner Enrika Tamasauskaite, and Junior Associate Gina Petkeviciute.
