Latvia's BTC acquires grain processing firm
Rezeknes Dzirnavnieks purchases, stores, processes, forwards and sells grain, as well as produce and sell flour and fodder. The company owns grain storage facilities with a capacity of 53,000 tonnes, while net turnover increased 41 percent on-year to US$8.33 million in 2008.
The acquisition of the grain mill operation in Latvia will strengthen Scandinavian Farmers' position in the Baltic market, according to a representative of Rezeknes Dzirnavnieks' management.
BTC is focused on logistics and transportation of agricultural products. The company achieved a turnover of EUR40 million (US$54.1 million) last year.