Santarcangelo di Romagna (Italy), 31st of March 2025 - Tikedo, a leading European label converting Group, is thrilled to announce the acquisition of Estilita, a major labeling manufacturer based in Vilnius (Lithuania). This milestone marks Tikedo's second transaction in the Baltics further reinforcing the Group's commitment to becoming a leader in the European labeling manufacturing industry.
Estilita is one of the main manufacturers of self – adhesive labels in Lithuania and is printing high quality labels for clients in Lithuania, Baltic and Nordic Countries. Estilita was established in 1996 and has 30 years of experience in the printing business of blank and colour self-adhesive labels, textile and cardboard labels, cardboard hang tags, textile ribbons and labels as well as carbon ribbons. The Company employes 40 people reaching EUR 4,4 m in Sales.
Tikedo now boasts a strong industrial footprint in four European countries: Italy, Spain, Latvia and Lithuania. This strategic acquisition demonstrates Tikedo's determination to expand its presence in key regions and its unwavering dedication to delivering innovative labeling solutions to clients across the continent.
"We are excited to welcome Estilita to the Tikedo family," said Vito Giurazza, Tikedo’s Group CEO. "This acquisition reflects our vision to grow, innovate, and lead within the European labeling manufacturing sector. Estilita is the fourth international acquisition of Tikedo and we are committed to invest in the company to foster its growth"
Raimondas Krasauskas, CEO of Estilita said: "Our partnership with Tikedo will empower us to continue delivering Top Quality label solutions to our customers while leveraging Tikedo Group size to further enhance our position in the industry."