Diversified major ITC Ltd, which launched potato chips under the brand Bingo, has taken over Australian agri-biotech company Technico Pty Ltd for an undisclosed sum, as part of a strategy to strengthen its foods business.
An ITC spokesperson said the acquisition of Technico will help improve the profile of the company's foods business, but declined to provide financial details of the takeover. Technico provides bulk potato supply chain management, and has the award winning ‘TECHNITUBER’ seed technology which it claims would revolutionise the global seed potato industry.
Technico has seed manufacturing facilities in China, Canada, and Manpura in Himachal Pradesh.
