US food processing giant Archers Daniels Midland Company (ADM) is set to acquire the Rs 650-crore edible oil maker Geepee Agri Private, said sources directly briefed on the matter, reported the Economic Times of India Friday.
The move is part of the $61-billion Illinois-based company’s strategy to bulk up production and secure grain procurement in times

Danone Monday signed an agreement with Wockhardt Group to acquire its nutrition business and thus entering the baby nutrition and medical nutrition markets in India.
Under the agreement, Danone will acquire Wockhardt’s nutrition business and brands as well as its related industrial operations from Carol Info Service (located in Punjab, India) for a total of approximately

In a statement to the Bombay Stock Exchange, Dabur India said it is talks to acquire Ajanta Pharma’s energizing capsule brand, ’30-Plus.’ The fast moving consumer goods maker reiterated nothing has been finalized yet regarding the talks.
However, when reached for comment, Ajanta Pharma, in a statement to the Bombay Stock Exchange, said it does not

US based food major McDonalds Corporation has sold 50 per cent stake in Hardcastle Restaurants Pvt Ltd, a joint venture between McDonalds and Indian BL Jatia Family. Hardcastle Restaurants Pvt Ltd is one of the two equal joint ventures McDonalds has invested in India. The BL Jatia Family will convert the business into a franchise

Reports emerged Friday that CG Foods India Pvt Ltd, the maker of Wai Wai instant noodles in India and Nepal is looking to acquire an FMCG company with a good distribution network in west and south India. The company will raise nearly half the money from debt, especially bank borrowings, and the rest from internal

Agro Tech Foods announced Monday it sold its vanaspati brand to an Indian unit of US based firm Cargill Inc. Agro Tech Foods is an affiliate of US branded foods firm ConAgra Foods. Agro Tech Foods sold its Rath brand to Cargill India, Cargill Inc’s Indian unit. The investment transaction amount was however not disclosed.

Akzo Nobel India Ltd Monday said it is planning to sell its subsidiary to Corn Products International Inc. The subsidiary, National Starch LLC is Akzo Nobel India Ltd’s specialty starches business and will be sold for a consideration of $2.7 million. However, the amount can still be changed towards working capital and other related provisions.
In

In an announcement Tuesday, UK headquartered firm, Compass Group Plc said it had acquired Indian catering services provider, Tirumala Hospitality Services Private Ltd. However, the exact amount involved in the transaction was not revealed by either party in the investment.
Even so, the acquisition will see Compass Group Plc, a British food services company; acquire all