VILNIUS, LITHUANIA — The Auga Group plans to use funds from a recent public equity offering to expand and diversify its product range.  

Auga, based in Lithuania, is one of Europe’s largest organic, vertically integrated agricultural producers. It sold shares totaling €36 million, with €9 million, or 8.7%, purchased by the European Bank for Reconstruction and Development (EBRD).

The firm said it plans to invest the new funds in part to diversify its product range by expanding into poultry farms, building modern dairy farms, a combined feedstock production plant and a biogas production plant, as well as moving up into value-added production by increasing its packaged organic products.