The dairy processing company AS "Smiltenes piens" has officially signed a contract to acquire a majority stake in AS "Cesvaines piens". This strategic move is part of Smiltenes piens' efforts to enhance its competitive edge amidst the increasing competition in Latvia as well as in export markets. The acquisition, signed on January 30, 2026, aims to bolster the company's position in both the Baltic and European dairy markets, reflecting a broader trend of consolidation within the dairy industry in Latvia.

Representatives from "Cesvaines piens" emphasized that the decision to sell the company's shares was made after a thorough strategic evaluation and discussions with potential partners. They acknowledged the rising competition faced by dairy processing companies in recent years, which made the consolidation necessary for sustainable growth in the industry. It was highlighted that such measures are crucial to adapting to the evolving marketplace and meeting future challenges effectively.

Furthermore, the representatives of "Cesvaines piens" expressed the importance of finding a partner capable of ensuring long-term stability and investment in production. They noted that while pursuing further development, the preservation of the company's identity and brand values was a priority, thus signaling their commitment to maintaining quality and heritage within the evolving business landscape.