06.08.2025

Barrus Acquires Leading Baltic Glass Manufacturer Glassense

 We are pleased to announce that Barrus AS and private equity firm Livonia Partners have signed an agreement under which Barrus has acquired a majority stake in the well-known glass manufacturer Glassense.

“The background of the deal is simple and straightforward: the former majority shareholder wanted to divest, and we saw an opportunity – and took it. We believe strongly in Estonian industry as well as in our own experience and capabilities,” said Martti Kork, CEO of Barrus.

“Barrus has long-standing expertise both locally and internationally, and not only in the wood industry. We entered the glass business a few years ago to expand into production areas adjacent to our core operations. This acquisition confirms our intention to continue and further develop that direction,” he added.

According to Kork, the acquisition is a purely financial investment for Barrus. “Both Barrus and Glassense will continue to operate independently – meaning existing brands, employee contracts, customer relationships, and partner agreements will remain unchanged. We will keep moving forward with the same dedication, striving daily to ensure that product quality, employee well-being, and client satisfaction continue on a growth trajectory.”

Kaido Veske, Partner at Livonia Partners, who previously held the majority stake in Glassense, commented: “The acquisition by Barrus is a logical step. Barrus has already been involved in glass manufacturing for some time, and their long-standing experience in the wood sector – combined with their growing know-how in glass – positions them well to take the company even further.”

Glassense’s roots date back to 1997, and today it is the largest manufacturer of insulated glass units, façades, and interior glass solutions in the Baltics and the Nordics. The company has operated under the Glassense name since 2022, following the merger of Klaasimeister and Baltiklaas. At that time, Livonia Partners became the majority shareholder and Barrus AS a minority shareholder.

We wish the entire Glassense team continued success and are confident that their commitment and expertise will lead the company forward with strength and clarity.




  • About Barrus
Barrus AS is a leading European manufacturer of laminated pine components, operating since 1993. With over 30 years of experience in both the Estonian and international wood markets, Barrus exports the majority of its production to Scandinavia and has expanded into other markets, including the United States. Barrus emphasizes sustainability and invests in resource-efficient solutions. The company recently earned the Gold Level in the Responsible Business Index. Based in Võru County, Barrus employs around 300 people, making it the largest employer in the region.


  • About Livonia Partners
Livonia Partners is a pan-Baltic private equity investment firm currently investing from a €157 million fund. The Livonia team operates across Estonia, Latvia, and Lithuania. In addition to its investment in Glassense, Livonia’s Estonian portfolio includes Telema, Bestair, Scoro, and Wildix. The fund's investors include Baltic and Nordic pension funds – such as Swedbank, SEB, LHV, and Luminor – as well as the EBRD, the European Investment Fund (EIF), and others

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In a quarter of a century, Barrus has developed into the largest employer in the region and moves mountains in every sense by contributing to the local community, promoting the local economy with its unique production and protecting the balance of the local natural environment.

AS Barrus

info@barrus.ee
+372 785 0700
Verijärve, Võru parish,
Võru County 65541

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