LT Foods makes €25 million move into Europe’s canned food market with Global Green Europe Acquisition

LT Foods announced that it has signed an agreement to acquire Hungary-based Global Green Europe Kft. for an enterprise value of approximately €25 million, marking its foray into the European canned and processed food market.

LT Foods revealed that it had entered into a definitive agreement to purchase 100% stake in Global Green Europe Kft., along with its related entities in the U.K. and Hungary. The company stated that the move aligned with its long-term strategy to scale its packaged food business and enhance its Ready-to-Heat (RTH) and Ready-to-Eat (RTE) offerings.

According to LT Foods, the acquisition would enable deeper penetration in European markets and create synergy through shared distribution networks. It was informed that the initial payment at closing would be €6 million, followed by €1.8 million payable over two years through an earn-out mechanism, in addition to assuming borrowings.

Global Green Europe was said to be operating since 2006, with two manufacturing facilities in Hungary and exports to over 30 European countries. The company reportedly generated annual revenue of around €40 million and employed over 170 staff.

Europe’s canned and processed food segment is estimated at nearly EUR 15 billion, presenting a substantial addressable market. For LT Foods, the acquisition offers access to established distribution networks, manufacturing capacity within the EU, and cross-selling potential across retail channels. The move reflects broader trends of Indian food companies pursuing international expansion to diversify revenue streams and capture value in mature consumer markets. The transaction remains subject to foreign investment approval in Hungary.

It was further noted that Prowess Advisors served as the exclusive transaction advisor for LT Foods.