Kagome to acquire Silbury Marketing, boosting European operations
Kagome Corporation announced its decision to acquire 100% of Silbury Marketing Ltd (Silbury), making it a consolidated subsidiary. The share transfer agreement was signed on November 21, 2025, with the acquisition expected to be completed on January 5, 2026. The transaction is valued at approximately £25,077 thousand.
Following the acquisition, Kagome plans to transfer its shares in Holding da Industria Transformadora do Tomate, SGPS S. A. (HIT), a current consolidated subsidiary, to Silbury around April 2026. This restructuring will establish Silbury as the parent company of HIT, aiming to create an integrated system for marketing, development, production, and sales across Europe.
Silbury Marketing, a UK-based food distributor specializing in processed tomato and oil products, has been a key partner for Kagome, holding exclusive sales rights for HIT's tomato products in the UK. This acquisition is expected to enhance Kagome's competitive edge in the European market by streamlining operations and leveraging Silbury's distribution network.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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