Linas Agro completed the acquisition of a majority stake in KG Group.

Linas Agro, a vertically integrated group of agricultural and food production companies, completed the acquisition of a majority stake in KG Group, a firm operating in the fields of poultry business, grain, flour, instant products production, feed and premix production. Financial terms were not disclosed. “This merger is a big and important step, uniting two strong organizations of similar type and way of thinking. Over the decades, the KG Group has developed and grown successfully. I am grateful to the team for what we created and achieved together during that time. I believe that after joining forces of Linas Agro Group and KG Group, the work I have started will be successfully continued, while the companies will further grow stronger and, even in the conditions of active competition, will create success stories of Lithuanian products in both local and foreign markets," Tautvydas Barštys, KG Group Founder.