India’s LT Foods buys Hungary’s Global Green Europe

Core Insights - LT Foods has agreed to acquire 100% of Global Green Europe, a Hungarian producer of shelf-stable fruits and vegetables, for a total of €7.8 million ($8.5 million) including an earn-out component [1][4] Group 1: Acquisition Details - The acquisition price consists of an initial payment of €6 million ($6.9 million) at closing, with an additional €1.8 million to be paid over the next two years [1] - The deal will also involve LT Foods assuming Global Green's existing debt, with an enterprise value of approximately €25 million [4] Group 2: Strategic Rationale - The acquisition is aimed at expanding LT Foods' product portfolio and global footprint, particularly entering the processed canned food market [2] - The deal is expected to leverage synergies with LT Foods' existing operations in Europe, enhancing competitiveness in the region [2][3] Group 3: Operational Impact - The addition of Global Green Europe will establish a third manufacturing hub for LT Foods in Europe, strengthening its presence in central and southern Europe [3] - Global Green's operations include two plants in Hungary, producing a variety of canned products and supplying over 30 countries across Europe [4] Group 4: Financial Performance - Global Green reported a turnover of €40.8 million in 2022, €37.0 million in 2023, and €40.3 million in 2024 [5] - For the financial year ending March 2025, LT Foods reported total revenue of ₹87.70 billion ($987.6 million), an increase of 12% year-on-year, with EBITDA rising 8% to ₹10.67 billion [5]