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Packaged food in India has come a long way, but what next?

Packaged food in India has come a long way, but what next?
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LT Foods picks 30% stake in Dutch packaged foods firm Leev

LT Foods picks 30% stake in Dutch packaged foods firm Leev LT Foods, which sells packaged rice under the Daawat, Heritage and Royal brands, on 20 January 2021 announced the acquisition of 30% stake in Leev.nu, a Netherlands-based organic specialty food company. The move comes just weeks after the company expanded its manufacturing capabilities in Europe by commissioning a new packaging line at its plant in Rotterdam, Netherlands. LT Foods has five processing facilities in India, two packaging units and one ready-to-heat facility in the US, and one processing facility in Rotterdam. The acquisition deal through its subsidiary Nature Bio Foods BV has an option to acquire further 21% stake after five years. A private equity investor Did-It, with experience in worldwide trading of organic products, has also taken a stake in Leev.nu.

Vijay kumar aroraEuropean unionNature bio foodsKumar aroraNature bio foodSalt foodsவிஜய் குமார் அரோராஐரோப்பிய தொழிற்சங்கம்இயற்கை உயிர் உணவுகள்குமார் அரோராஇயற்கை உயிர் உணவுல்ட் உணவுகள்

LT Foods arm Nature Bio Foods BV buys 30 per cent stake in Netherland-based Leev

January 20, 2021 × LT Foods says the acquisition has been done in line with the long term growth plans LT Foods Ltd on Wednesday said that its subsidiary Nature Bio Foods BV, has acquired 30 per cent stake in a Netherland-based Leev.nu for an undisclosed amount. The company said the acquisition has been done with an option of acquiring a further stake of 21 per cent at the end of five years. Leev.nu, which is an organic specialty food company, is known for a product portfolio consisting of breakfast bars, healthy snacks, baking range & gluten free and low sugar products . It is also expanding its product portfolio into organic whole grains categories such as oats and flax seeds.

Vijay kumar aroraLeo voorwindenFoods ltdFoods ltd onNature bio foodsNetherland based leevKumar aroraManaging directorNature bio foodSalt foodsSubsidiary nature bio foods bvAcquires 30 per cent stake in netherland based leevOrganic foodsவிஜய் குமார் அரோராஉணவுகள் லிமிடெட்உணவுகள் லிமிடெட் ஆன்

LT Foods picks 30% stake in Netherlands-based Leev through subsidiary

LT Foods picks 30% stake in Netherlands-based Leev through subsidiary LT Foods Ltd sells packaged rice under the Daawat, Heritage and Royal brands. This acquisition gives LT Foods subsidiary NBF BV a reach to the consumers directly via the mainstream distribution strength of Leev. (Mint)Premium Share Via Read Full Story New Delhi: LT Foods Ltd, which sells packaged rice under the Daawat, Heritage and Royal brands, on Wednesday said it has acquired a 30% stake in Leev.nu, a Netherlands-based packaged foods company, through its subsidiary Nature Bio Foods BV. The transaction allows Nature Bio Foods (NBF BV) an option to acquire a further 21% stake in Leev.nu at the end of five years, the company said in a statement.

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