Agrifirm Hungary has become part UBM Group, after the sale of the Royal Agrifirm Group subsidiary closed on September 5. The deal was first announced on May 6.
This marks an important step in the further consolidation of the agricultural sector in Hungary, Agrifirm said in a press release. UBM Group is an agricultural group specializing in crop trading, compound feed production, and the supply of high-quality feed ingredients in Hungary.
“Thanks to the many years of dedication and commitment of our employees, Agrifirm Hungary has grown into a financially healthy and solid company,” said Piet Hilarides, CEO Royal Agrifirm Group. “The sale of our subsidiary is in line with our strategic course, in which we focus on markets where we have a strong position and can achieve further growth. We are convinced that our Hungarian activities can perform even better with a strong partner such as UBM. We thank our customers, partners, local management and employees for their loyalty and trust.”
