The court has appointed temporary bankruptcy administrators for E-Piim Production, Estonia's largest cheese producer, following a bankruptcy filing due to financial difficulties.
The Tartu County Court appointed two temporary bankruptcy administrators, Indrek Lepsoo and Olev Kuklas, for E-Piim Production, the largest cheese producer in Estonia. They are required to submit their reports to the court by March 23. This action follows the bankruptcy petition filed by Janis Bertulsons, a member of the company's board, due to the company's inability to meet its financial obligations. E-Piim Production processes up to 1000 tons of raw milk daily, with over 90% of its products exported. The company's financial distress and the subsequent court ruling highlight the challenges faced by the dairy industry in Estonia, especially given the recent economic pressures. This situation has prompted the new management team, led by CEO Anti Orav, to stabilize the company since December 2025 and explore potential solutions outside of bankruptcy for the liquidity issues. Negotiations among the company's owners have taken place over the past few months, indicating efforts to reach a consensus on the future direction of E-Piim Production. However, the involvement of a Dutch shareholder has complicated matters, showcasing the intricacies of international investment and ownership in Estonia's local business landscape.
