Danish Agro’s subisdiary Baltic Agro Latvia has concluded a deal to acquire 60 percent of the shares in agribusiness company Tukuma Straume, which also produces pet food.
Tukuma Straume is based in Tukums, close to Riga, Latvia. Part of the deal includes acquisition of the remaining 40 percent of the shares at a later date.
The company has 85 employees and is active within traditional agribusiness, animal feed production and grain intake, along with a specialty factory producing feed for livestock and pets. It has total warehouse capacity for ingredients of 45,000 tons, and 100,000 tons of grain storage capacity. The grain facilities are located in Tukums, handy for exporting from Riga’s harbor, and in the southeast of the country at Daugavpils.
