LT Foods has finalized an agreement to acquire several European entities: Global Green Europe Kft., Greenhouse AGRAR Kft., and Global Green International (UK) Limited. The acquisition, valued at EUR 6 million upfront plus EUR 1.8 million in earn-outs, will be facilitated through LT Foods Europe Holdings Limited. This strategic move enhances LT Foods’ presence in the processed fruits and vegetables sector in Europe.
Acquisition of European Entities
LT Foods has executed a Share Purchase Agreement with Global Green International N.V. to acquire its entire shareholding in Global Green Europe Kft., Greenhouse AGRAR Kft., and Global Green International (UK) Limited. This acquisition, announced on October 13, 2025, will make these entities step-down wholly-owned subsidiaries of LT Foods Limited.
Deal Terms and Structure
The acquisition will be undertaken by LT Foods Europe Holdings Limited or through one of its subsidiaries. The purchase consideration includes an upfront payment of EUR 6 million at closing, with an additional EUR 1.8 million contingent upon future earnings. The deal is expected to close in Q3 FY2025-26, subject to regulatory approvals in Hungary.
Strategic Rationale
This acquisition aligns with LT Foods’ long-term strategy to diversify its portfolio and expand its presence in the processed ambient fruits and vegetables business. Global Green’s Hungarian operations, which began in 2006, serve over 30 countries across Europe and have an annual capacity of 117 million jars and cans.
Financial Overview of Acquired Entities
The acquired entities have demonstrated consistent revenue in recent years:
- 2022: EUR 40.8 million
- 2023: EUR 37.0 million
- 2024: EUR 40.3 million
These figures highlight the solid financial foundation and market presence of the acquired businesses.
Source: BSE
