India: Heritage Foods acquires 51% stake in Get-A-Way
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 […]
India: Coca-Cola bottlers to invest $3 billion in food processing
Coca-Cola’s three Indian bottling partners have announced plans to invest 25,760 crore INR ($2.96 billion) in a new food processing venture, according to limited reports in the Business Standard. The investment commitment has been made by SLMG Beverages, Hindustan Coca-Cola Beverages (Coca-Cola’s wholly owned bottling subsidiary), and the Kandhari Group of Companies, covering the states […]
India: Amul to Invest $1.2 billion in new dairy & food plants
GCMMF, India’s biggest dairy cooperative, trading as Amul, has announced plans to invest 10,000 crore INR ($1.2 billion) in food processing over the next two to three years. The planned investment will add up to 12 new manufacturing units, expanding production capacity in dairy, ice cream and other food products. This expansion is intended to […]
India: SLMG Beverages to invest $1 billion
SLMG Beverages, a subsidiary of Ladhani Group and the largest independent bottler of Coca-Cola in India, has announced plans to invest $1 billion over six years to expand in Uttar Pradesh, Bihar and Uttarakhand. The company will invest around $150 million each year to expand manufacturing capacity, upgrade warehousing, enlarge its logistics fleet, and supplying more […]
India: Reliance Consumer Products to invest $127 million in Tamil Nadu
Reliance Consumer Products (RCPL), the FMCG arm of Indian retail major Reliance Retail Ventures, has announced plans to invest 1,156 crore INR ($127 million) to set up an integrated manufacturing facility in Tamil Nadu. With the investment, a 60-acre facility will be established at SIPCOT’s Allikulam Industrial Park to produce packaged snacks, biscuits, spices and […]
India: Marico to fully acquire HW Wellness Solutions
Leading Indian FMCG firm Marico has announced that it has entered into a definitive agreement to acquire the remaining shares of HW Wellness Solutions, which owns the True Elements brand, for up to 138 crore ($15.18 million). Founded in 2013, HW Wellness has reportedly become a leading digital-first business in the breakfast and snack foods space, […]
India: Usha Shriram begins FMCG push with bottled water
Usha Shriram, an Indian company primarily known for its household hardware and appliances, has announced its entry into the FMCG sector through the launch of bottled drinking water brand Aquaero. The company intends to use the brand as a launchpad for a wider product portfolio including atta, maida and besan flours, pulses, spices, oil and ghee […]
India: Star Localmart acquires DusMinute
Star Localmart, the retail venture of the Sanjay Ghodawat Group (SGG), has announced the acquisition of DusMinute, a grocery retail chain based in the Indian city of Bengalaru, for an undisclosed sum. Founded in 2020, Star Localmart manages over 130 outlets across 50 towns in Western Maharashtra and Northern Karnataka, offering around 3,000 product lines. DusMinute operates directly […]
India: Zydus Wellness to acquire Comfort Click
Zydus Wellness, the Indian nutrition and skincare firm, has announced that its wholly-owned subsidiary, Alidac UK, has entered into a definitive agreement to acquire UK-based supplement firm Comfort Click (CCL) and its three international subsidiaries located in Ireland, the USA and India. This transaction marks Zydus Wellness’s first international acquisition, and its first foray into the […]
India: Reliance Consumer Products acquires Naturedge Beverages
Reliance Consumer Products (RCPL), the FMCG arm of Reliance Retail, has acquired a majority stake in a joint venture with Naturedge Beverages to expand its portfolio with healthier drinks, including herbal natural beverages. Founded in 2018, Naturedge Beverages is described as blending Indian ayurveda with modern drink choices. Its flagship Shunya branded product is a […]