On 16 April 2025, a transaction was concluded between the Danish company administrator and investors of Latvia, as a result of which SIA East Metal has become a 100% local company. The owner of the company is SIA DD Holdings, whose investor is one of the leading companies in Latvia – SIA VALPRO. The transaction is financed by SIGNET BANK.

 

This transaction is a major turning point in a sector that has historically seen the opposite - the companies come under the management of foreign capital. In this case, local capital regains the initiative, ensuring the development of a strategic sector and preserving jobs in the regions of Dobele and Daugavpils.

 

Aivars Flemings, the Chairman of SIA VALPRO Board: "This decision confirms our conviction that manufacturing companies in the metalworking sector of Latvia, especially their exportability and competitiveness, play a significant role in the economic growth of the country, as well as in strengthening the position of Latvia in the global market. We value and trust the professional team at East Metal, which has proven its ability to manufacture high quality products and solutions for internationally renowned partners. Our aim is to help the company regain momentum and strengthen its position in the industry.''

 

East Metal has been operating in the metalworking industry for more than 25 years and is proud of its highly skilled workforce, solid values and international client portfolio. Today, the company has successfully restored and stabilised its operations, and continues to overcome challenges, cooperating with existing and new customers.