LT Foods has acquired Global Green Europe Kft., a Hungary-based company, for approximately €25 million. This acquisition allows LT Foods to enter the canned food business and strengthens its presence in Central and Southern Europe. Global Green Europe Kft. has an annual turnover of €40 million and serves over 30 countries. The deal is expected to enhance LT Foods’ product portfolio and global footprint.
Strategic Acquisition in Europe
LT Foods has entered into a definitive agreement to acquire 100% stake in Global Green Europe Kft., based in Hungary, for an enterprise value of approximately €25 million. The announcement was made on October 14, 2025.
Rationale Behind the Deal
This acquisition aligns with LT Foods’ long-term strategy to grow through packaged foods and strengthen its ready-to-heat (RTH) and ready-to-eat (RTE) segments. The move enables LT Foods to expand further into Central and Southern Europe and leverage cross-distribution synergies.
Global Green Europe Kft. Overview
Global Green Europe Kft., established in 2006, supplies to over 30 countries in Europe. The company specializes in producing canned Sweet Corn, Gherkins, Silver Skin Onions, Peas, and Sour Cherries. It has 2 manufacturing sites spanning 45 acres in Hungary, with an annual turnover of €40 million and a workforce of over 170 employees.
Financial Details and Execution
The acquisition will be executed via LT Foods Europe Holdings Limited. LT Foods will pay €6 million at closing for 100% equity shareholding, with an additional €1.8 million payable over the next 2 years through an earn-out mechanism. The transaction also includes the acquisition of Global Green International (UK) Limited and Greenhouse Agrár Kft., which support distribution activities. The deal is pending FDI approval in Hungary.
Market Opportunity
The canned food market in Europe is estimated at €15 billion. This acquisition allows LT Foods to diversify into this large market and leverage synergies with its existing European business.
Executive Commentary
Mr. V K Arora, Executive Chairman of LT Foods Limited, stated that the acquisition expands the company’s product portfolio and global presence, allowing entry into the processed canned food market and reinforcing the existing business in Europe.
Mr. Vikas Magoon from LT Foods Europe mentioned that the acquisition enables LT Foods to establish a third manufacturing hub in Europe, strengthening its foothold in Central and Southern Europe. A manufacturing base in Hungary provides a cost advantage, enhancing competitiveness.
Source: BSE
