Heritage Foods, the Indian dairy firm, has announced the acquisition of a 51% stake in Get-A-Way ice cream maker Peanutbutter and Jelly Pvt Ltd from Sky Gate Hospitality for 9 crore INR ($1 million). Established in 2018, Get-A-Way makes high-protein, no-added-sugar ice creams and desserts, using whey protein and natural sugar substitutes to appeal to health-conscious buyers in India’s premium dessert category. Commenting on the move, Heritage Foods executive director …
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Heritage Foods
Heritage Foods, the Indian dairy firm, is stepping up its presence in northern India with the acquisition of milk processor Vanam Foods. Mohali, Punjab based Vanam Foods was founded in 2015 and reported turnover of 1,296 lakh INR ($1.98 million) to the year ending 31st March 2017. Heritage Foods has been stepping up its presence in the dairy space following its exit from the retail and bakery business as the result …
Heritage Foods, an Indian dairy firm, has announced it has agreed to establish a 50:50 joint venture with the French yoghurt maker Novandie, a subsidiary of fruit, dairy and bakery company Andros. The joint venture is to see a facility established in France for the production of flavoured yoghurt and desserts. This plant, which is expected to be operational by 2018, will have an initial capacity of 20 tons per day …
Heritage Foods, an Indian manufacturer of dairy, bakery and other food products, has announced the acquisition of the dairy business of Reliance Retail through a slump sale, according to a report in India Retailing. According to the report, Heritage Foods has made a binding agreement for the acquisition and the transaction will now be subject to the necessary regulatory approvals. Both companies are said to have expressed their belief in …
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