LT Foods agrees to buy three Global Green entities for EUR 6 million plus earn-out
LTFOODS · price
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LT Foods will buy 100% of Global Green Europe Kft., Greenhouse AGRAR Kft. and Global Green International (UK) Limited from Global Green International N.V. The cash price is EUR 6 million at closing, plus up to EUR 1.8 million tied to future earnings. The deal expands LT Foods' fruit and vegetable business in Europe. Completion is expected in Q3 FY2025-26, subject to Hungarian foreign investment approval.
Expands LT Foods' European produce business. Management control is unchanged. Benefits depend on clearance and acquired units' future performance.