The story
In 1952 the USSR built a new shipyard called Baltijos laivų statykla (Baltija Shipbuilding Yard) was established. In 1969, another shipyard called Vakarų laivų remonto gamykla (Western Ship Repair Factory) was built. Following the restoration of independence, the government of Lithuania privatized the shipyards. In 1997, Baltijos laivų statykla was sold to a Danish company Odense Steel Shipyard, while in 2001 Vakarų laivų remonto gamykla was sold to the Estonian company BLRT Grupp. In 2010, the Baltijos laivų statykla was taken over by the BLRT Grupp, thus merging both shipyards under the Western Baltija Shipbuilding within the Western Shipyard Group.
From Wikipedia’s article on BLRT Western Shipyard, shared under CC BY-SA 4.0.4