On September 25, 2008, Agrowill Group AB has successfully completed acquisition process of 97.28% of Gruduva UAB shares.
According to audited data, net non-consolidated income of Gruduva UAB amounted to 16.2 million litas (4.7 million EUR), whereas EBITDA reached 7.6 million litas (2.2 million EUR). Net profit of the company was equal to 4.9 million litas in 2007 (1.4 million EUR).
The Company, which employs 117 persons, controls over 4 thousand hectares of land. The cow herd kept, which is being increased every year, exceeded 800 heads last year. On average, 6 tons of milk is produced annually per cow.