LT Foods acquires Global Green Europe, enters canned food market

On October 14, 2025, LT Foods Limited announced the acquisition of 100% stake in Hungary-based Global Green Europe Kft. for an enterprise value of approximately €25m. This strategic move marks LT Foods' entry into the canned food business and aims to strengthen its ready-to-heat (RTH) and ready-to-eat (RTE) segments.

The acquisition, executed through LT Foods Europe Holdings Limited, involves an initial payment of €6m for equity, with an additional €1.8m payable over two years. Global Green Europe, with an annual turnover of €40m, operates two manufacturing sites in Hungary across 45 acres and serves over 30 countries in Europe, specializing in sweet corn, gherkins, and other canned and jarred vegetables.

This acquisition is projected to enhance LT Foods' competitive position in Central and Southern Europe, leveraging synergies with its existing European operations and offering potential for cross-selling within the estimated €15bn European processed canned food market.