Mergers and Acquisitions

Tummers Food Processing Solutions and Kiron Food Processing Technologies announced the establishment of a new Joint Venture: Tummers Kiron India Pvt. Ltd.. The announcement was made earlier today during the Inter Food Tech event in New Delhi.

India's largest conglomerate, the Tata Group, is looking for a substantial bite of one of the countries top two snack manufacturers, Haldiram's. The snack maker is reportedly asking for USD 10 billion valuation which corresponds to 6.6 times its annual revenue of USD 1.5 billion.

A famous farmers' cooperative in Holland joins hands with Pune-based potato supply chain S.V. Agri to develop and produce high-yield varieties uniquely suitable for Indian conditions.

Kellogg's, the world's second-largest snack foods company, is exploring options to acquire a stake in India's snack manufacturer Haldiram's. This could be one of the biggest deals involving an Indian consumer brand.

The initial public offer (IPO) of Prataap Snacks received bids for 17.19 crore shares, data on the National Stock Exchange of India (NSE) website showed. The IPO was oversubscribed 47.39 times.

Prataap Snacks initial share sale offer was oversubscribed 2.17 times on the second day of bidding on Monday, with still another day to go.

Himalya International Ltd, a food processing firm based in India, is terminating its frozen foods joint venture (JV) with US-based J R Simplot Company, as per a stock market disclosure.

The agri division of Mahindra & Mahindra Ltd, part of the $16.7 billion Mahindra Group, today signed a joint venture agreement with HZPC Holland to offer the best quality seed potatoes to farmers within and outside India.

HZPC Holland bv, wereldleider in aardappelveredeling, heeft vandaag in India met de Mahindra-groep (jaaromzet $16,7 miljard) in Chandigarh een overeenkomst getekend voor de oprichting van een gezamenlijke onderneming.

Balaji Wafers Pvt. Ltd is in advanced talks with Capital International Private Equity Funds (CIPEF) to sell nearly 15% in the snacks maker according to two people familiar with the development, who did not want to be named.

Food &beverages giant PepsiCo India is believed to have backed out of the race to buy a stake in Rajkot-based Balaji Wafers.

PepsiCo Inc., the world’s largest snack-food maker, is among suitors exploring a bid for India’s Balaji Wafers Pvt as it pushes to sell more chips in developing countries, said two people familiar with the matter.

PepsiCo and Mondelez, along with their Indian counterparts ITC and Britannia, have been approached for a stake of Balaji Wafers - a 37-year-old india based wafer (potato chip), namkeen and savoury brand that dominates a number of states in western India.

Roquette, one of the global leaders in the starch industry announced today in Lestrem (Pas-de-Calais, France) the acquisition of the 3 starch production sites of the leading Indian starch manufacturer, Riddhi Siddhi Gluco Biols Ltd. Roquette takes the ...

Himalya International India &J R Simplot Company, USA have signed memorandum of understanding to form joint venture in India.

After repeated unsuccessful attempts to buy out Gujarat-based snacks majors such as Balaji Wafers and A-Top Foods Products, beverage and snacks maker PepsiCo India is in the process of creating its own low-cost foods business and increasing manufactur...

The Rs 2000-crore SPS Group, with interests in steel, hotels and biscuits among other things, has taken over a potato flakes project set up by Apurba Saha's Pailan group, another diversified outfit that is into education, aviation, township developmen...