Veika

What Veika does

Veika (UAB "VEIKA") is a Lithuanian specialty chemicals manufacturer established in 1991 and headquartered in Vilnius. The company develops and produces chemical formulations across three product domains: PVC-based and PVC-free sealants for metal cap applications used in food industry pasteurization and sterilization processes; water-based color pigments and coatings for the paper packaging industry; and binders, foams, pigments, and decorative effects for the wallpaper manufacturing sector. The portfolio comprises over 300 products, supported by four dedicated R&D laboratories — analytical, product application, test printing, and pigment and ink — equipped with FT-IR spectrometers, gas chromatographs, and test printing machines.

Veika serves B2B industrial customers across food packaging, wallpaper manufacturing, and paper packaging printing through a direct sales-led motion. The company offers customized product development under confidentiality agreements and provides product samples ranging from 1kg to 20-50kg or larger. Distribution is handled through a dedicated truck fleet enabling direct delivery to customer-specified locations, and pricing is quote-based rather than publicly disclosed. Strategic partnerships with global digital printing leaders — Mimaki Engineering (business transfer in 2017) and Roland DG (joint venture formed in 2023) — validate the technical competence of Veika's formulations and provide channels for sustainable printing technologies including the DIMENSE™ and Ecodeco™ brands developed with Roland DG.

The company's revenue model is built on one-time product sales across its core categories, supplemented by custom research services for clients requiring bespoke formulations. Eco-friendly variants — including ESBO-free, BPA-NI, PFAS-NI, plasticizer-free, and ortho-phthalate-free sealants — address evolving regulatory and sustainability requirements in food-contact and packaging applications. Veika operates under ISO-certified processes with quality testing conducted through accredited laboratories. The firm remains family-owned with no institutional investors, public listing, or recent funding rounds disclosed in available sources.

Name

Veika

Legal name

UAB "VEIKA"

Website

https://veika.lt

Company type

Private

Founded year

1991

Operating status

Operating

Headcount range

51–100 employees

Short description

Veika is a Lithuanian family-owned specialty chemicals manufacturer producing PVC and PVC-free sealants for metal caps, water-based inks and coatings for paper packaging, and binders, foams, and pigments for wallpaper manufacturing.

Ownership category

akta.pro rank

Product category

Industrial Specialty Chemicals

NAICS

Printing Ink Manufacturing (32591)

SIC

Adhesives & Sealants (2891), Paints, Varnishes, Lacquers, Enamels & Allied Prods (2851)

akta.pro primary industry

Packaging Inks (IMAEAHAH)

akta.pro secondary industries

Sustainable Labels, Adhesives & Inks (Wash-Off Labels, De-inkable Inks, Low-VOC) (IMALAMAJ), Textile, Leather & Paper Specialty Chemicals (IMAEABAM)

Keywords

• Industrial printing inks
• Metal cap sealants
• Water-based coatings
• Wallpaper manufacturing materials
• Paper packaging inks

Headquarters

HQ city

Vilnius

HQ country

Lithuania

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Technology or R&D, Supply Chain, Operations, Marketing or Sales

Revenue model

1. Sealant Products: Sale of PVC-based and PVC-free sealant materials for metal cap applications in food industry pasteurisation and sterilisation processes. Product portfolio includes varying hardness and flexibility options for oily and non-oily contents.
2. Industrial Inks and Coatings: Water-based color pigments and coatings for paper packaging industry, as well as wallpaper inks and coatings including binders, foams, pigments, and decorative effects.
3. Custom Research Services: Specialized research services tailored to client needs with technological capabilities delivering bespoke solutions for innovation and business success across various sectors. Full confidentiality of proprietary technological parameters maintained.
4. Product Samples: Product sample provision typically ranging from 1kg to 20-50 kg or larger quantities depending on customer requirements.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Veika manufactures chemical formulations including PVC and PVC-free metal cap sealants used in food industry pasteurisation and sterilisation processes, water-based color pigments and coatings for paper packaging, and a comprehensive range of wallpaper inks and coatings (binders, acrylic foams, pigments, and decorative effects). The company offers customized product development with full confidentiality of proprietary technological parameters and supports customers with product sample provision.

Product overview

Veika is a family-owned company established in 1991 in Lithuania, operating across three main sectors: food industry (metal cap sealants), wallpaper manufacturing, and printing solutions for packaging companies. The portfolio includes over 300 products spanning PVC and PVC-free metal cap sealants, eco-friendly sealant options, water-based packaging inks, and wallpaper coatings. The company has undergone strategic transformations, transferring Balance Eco™ and Decojet™ to Mimaki Engineering in 2017, and establishing a joint venture with Roland DG in 2023 to develop DIMENSE™ and Ecodeco™ sustainable printing technologies. Veika maintains 4 dedicated R&D laboratories supporting continuous product development and customization capabilities.

Differentiator

Problem solved

Functional benefit

Brands

• Balance Eco™: Eco-solvent ink line transferred to Mimaki Engineering in 2017
• Decojet™
• DIMENSE™
• Ecodeco™

Products and services

• Metal Cap Sealants

Quantifiable outcome

• Products tested and certified by accredited laboratories to guarantee quality and regulatory compliance
• +1 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Two partnerships are on record, tiered core.

• Roland DGcoreStrategic or Co-development Partner · 1 January 2023In 2023, Veika deepened collaboration with Roland DG by establishing a joint venture focused on sustainable printing technologies. This new company, part of the Roland DG Corporation, is accelerating the development of DIMENSE™ and Ecodeco™ products, combining Veika's expertise in inks and media with Roland DG's leadership in printer innovation. The CEO of Veika stated: 'We are proud that our technologies and experience are driving this new stage of cooperation with one of the global leaders in digital printing.'
• Mimaki EngineeringcoreOEM/ Whitelabel/ Licensing Partner · 1 January 2017In 2017, Veika transferred part of the business to Mimaki Engineering, a world-renowned digital printing technology company. This included the Balance Eco™ eco-solvent ink line and Decojet™ digital PVC wallpaper business. This transfer represented recognition of Veika's commitment to quality and global standards, marking a new level of international competence for the company.

Scale indicators4 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• Sakata INX: Sakata INX is a Japanese manufacturer of offset, gravure, flexo and digital printing inks with global operations. Comparable to Veika across the ink formulation portfolio and particularly screen/gravure/flexo inkjet applications.
• Siegwerk: Siegwerk specializes in printing inks and coatings for packaging and labels, with deep expertise in water-based and sustainable ink systems. Closely comparable to Veika's packaging ink business and its shift toward recyclable, mono-material solutions.
• Zeller+Gmelin: Zeller+Gmelin is a German independent manufacturer of printing inks and specialty coatings, including wallpaper inks. Highly comparable to Veika as a similarly sized, independent specialist with overlapping wallpaper and packaging ink business lines.
• Hubergroup: Hubergroup is a German family-owned printing ink and coatings specialist serving packaging, commercial and publication print. Closely comparable to Veika as a privately controlled ink formulator with a sustainability-led portfolio.
• Toyo Ink (artience Co., Ltd.): Artience (formerly Toyo Ink) is a Japanese manufacturer of printing inks, pigments and coatings with global packaging and digital-print exposure. Comparable to Veika across ink and pigment formulation, particularly gravure and packaging applications.
• Wikoff Color Corporation: Wikoff Color is a privately held US manufacturer of printing inks and coatings for packaging, labels and commercial print. Comparable to Veika as an independent, custom-formulation-led ink manufacturer outside the top three global majors.
• Flint Group: Flint Group is a global supplier of inks, coatings and pressroom consumables for packaging and commercial printing. Directly comparable to Veika's water-based packaging inks and coatings portfolio, with overlapping narrow-web and paper-packaging applications.

Broad incumbents

• Sun Chemical: Sun Chemical (DIC Corporation) is the world's largest producer of printing inks and pigments, serving packaging, publication and digital print. Comparable to Veika across the packaging ink, wallpaper ink and pigment formulation stack, but at vastly greater scale and global reach.
• Bostik (Arkema): Bostik, the adhesives arm of Arkema, supplies sealants and adhesives for industrial and packaging applications including metal closures. Comparable to Veika's metal cap sealant business, though operating at much greater scale and with a far broader portfolio.
• Actega (ALTANA): Actega, part of ALTANA, produces specialty coatings, sealants and inks for the packaging industry, including metal-cap and closure sealants. Directly comparable to Veika's metal cap sealant business and adjacent to its packaging coatings portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/Veika.LT

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Veika