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Tata Consumer Products to acquire Tata SmartFoodz

Tata Consumer Products has signed an agreement with Tata Industriesto acquire ready-to-eat company Tata SmartFoodz for a cash consideration off 395 crore, the company said in a release.

The ready-to-eat firm began operations in 2019 has a manufacturingfacility in Sri City, Andhra Pradesh and sells Its offering under the brand name Tata Q. "Tata SmartFoodz is a good strategic fit for us given the nature of its business" said, Sunil D'Souza MD & CEO at Tata Consumer Products.

15 Nov, 2021
BUSINESS STANDARD




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