LT Foods Acquires Global Green Europe Kft. to Strengthen Packaged and Processed Food Portfolio

LT Foods Limited, a global FMCG company known for its packaged consumer food products, has announced the acquisition of Global Green Europe Kft., a Hungary-based food manufacturer, for an Enterprise Value of ~€25 million.

This move marks a significant step in LT Foods’ long-term strategy to strengthen its Ready-to-Heat (RTH) and Ready-to-Eat (RTE) segments while deepening its presence in Europe’s processed food market.

Deal Structure and Payment Terms

The acquisition will be carried out through LT Foods Europe Holdings Limited, a wholly-owned step-down subsidiary of LT Foods. Under the agreement, LT Foods will pay €6 million at closing for the 100% equity stake, with an additional €1.8 million payable over two years through an earn-out mechanism.

The company will also take over Global Green’s existing borrowings. The transaction includes the acquisition of Global Green International (UK) Limited and Greenhouse Agrár Kft., which function as support and distribution entities. Completion of the deal is subject to FDI approval in Hungary.

Global Green’s Strong Market Position

Established in 2006, Global Green Europe Kft. operates two manufacturing facilities spread across 45 acres in Hungary, employing over 170 people.

The company produces and exports sweet corn, gherkins, silver skin onions, peas, and sour cherries to more than 30 countries across Europe. With an annual turnover of €40 million, Global Green is a key player in Europe’s €15 billion processed canned food market, offering LT Foods a strong foothold in this growing segment.

Strategic Fit and Synergy Potential

The acquisition is expected to create significant synergies across LT Foods’ existing European operations, including cross-distribution, product diversification, and supply chain optimisation. This transaction also supports LT Foods’ strategic vision of becoming a major player in high-value processed and canned food categories globally.

LT Foods Share Price Performance

On October 14, 2025, LT Foods share price (NSE: LTFOODS) opened at ₹401.00 and closed at ₹408.00, up by 1.92%. The stock price touched its day’s high at ₹409.90.

Also Read: Dividends & Bonus Issue This Week (October 13-17, 2025)!

Conclusion

The acquisition of Global Green Europe Kft. represents a strategic milestone for LT Foods, enabling it to diversify beyond its core rice and packaged foods business into Europe’s fast-growing processed food market. With this move, LT Foods is well-positioned to enhance its global footprint and unlock new growth opportunities in the consumer food segment.

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