LT Foods to Acquire Global Green Europe Units for €7.8 Million

LT Foods Ltd. on Monday said it has signed an agreement to acquire the entire shareholding in Global Green Europe Kft., Greenhouse AGRAR Kft., and Global Green International (UK) Ltd. from Global Green International N.V.

The company will acquire the stakes for a total consideration of €7.8 million (₹800.48 million), comprising an upfront payment of €6 million (₹615.75 million) and an additional €1.8 million (₹184.73 million) through an earnout mechanism linked to future earnings, LT Foods said in an exchange filing.

The acquisition will be carried out by LT Foods Europe Holdings Ltd. or one of its subsidiaries and is expected to be completed by the December quarter. The acquired entities operate in the shelf-stable fruits and vegetables segment.

Global Green is a leading producer of canned sweet corn, gherkins, silver skin onions, and sour cherries in jars, with two manufacturing sites spread across 45 hectares in Hungary. It reported a turnover of €40.3 million (₹4.14 billion) in 2024 and has an annual production capacity of 117 million jars and cans.