Spearhead International acquires Agro-druzstvo Morava (ADM) in the Czech Republic
Spearhead International Ltd, through its Czech Republic subsidiary Eurofarms Holding s.r.o., has acquired Agro-druzstvo Morava (ADM) which includes 1,500 hectares of arable farming and a biogas plant producing 1.2MW of electricity.
The majority of the agricultural land is leased, but the company has freehold ownership of 130 hectares including the main operational centre. It is located close to Spearhead's existing Salix Morava operations within which it will be managed. This new acquisition increases Spearhead's total farmed area in the Czech Republic to 24,500 hectares.