Klaipedos Baldai AB is a Lithuania-based company that manufactures and sells furniture through its related party, SBA Baldu Kompanija UAB. SBA Baldu Kompanija UAB purchases products from the Company and sells them to various clients. During the year ended December 31, 2011, 98% of the Company’s total sales were made to SBA Bald Kompanija UAB. Klaipedos Baldai AB focuses on the production of veneer covered natural and veneer frame board furniture for living rooms, sleeping room furniture, wardrobes and shelves. The Company sells all of its products abroad in all continents except Africa, South America, and Antarctica. As of December 31, 2011, the Company’s major shareholder was SBA Furniture Group UAB with a stake of 72.35%.
Joniskes g. 21 91267 KLAIPEDA