Danish furniture fabrics manufacturer, Gabriel has signed a conditional share purchase agreement with the owners of the Lithuanian fabric manufacturer UAB Baltijos Tekstilė for the purpose of taking over 100% of the share capital. The price for the shares is agreed at just over EUR 4m. Baltijos Tekstilė has 117 employees. Its revenue in 2017 was EUR 3.9 million of which the majority was realised with Gabriel as the customer.
