INDIA: Cargill buys cooking oil brand Sunflower from Wipro
Cargill has snapped up Indian cooking oil brand Sunflower from local FMCG group Wipro.
The US agribusiness giant said buying the product, which is a brand of vanaspati, or vegetable cooking oil, reflected its strategy of growing its consumer foods business in India.
"Acquiring Sunflower vanaspati underscores Cargill's long-term commitment to growing our consumer food business in India," Siraj Chaudury, chairman of Cargill's Indian business, said. "It is an excellent fit with our existing strong brand portfolio through which we serve a significant consumer base across the country."
Wipro wants to focus on sectors including personal care and lighting. It said the brand accounted for 1% of sales from its consumer care and lighting division.
Cargill is to take its table-top stevia sweetener brand Truvia into Canada - and revealed it wants to launch the product into Brazil and India....
- Rabobank's early view on Brexit impact on food
- How local model protects Nestle - interview
- Brexit sparks uncertainty for UK food - comment
- Quorn Foods confident in prospects - interview
- Kellogg uses Kashi to finally join party - comment
- Brexit – Live reaction from food industry
- Nestle names new CEO
- Brexit – UK farmers warn of food price spike
- Brexit – US confirms commitment to TTIP with EU
- Brexit – How France's food market will be hit
- Frozen Bakery Products Market by Type, Distribution Channel, & by Region - Global Trends & Forecast to 2020
- Top Trends in Snacks, Confectionery, and Desserts; Exploring consumer and innovation trends in key categories
- Singapore Food and Drink Report Q3 2016
- Fast Food in India
- Country Analysis Report: Saudi Arabia, In-depth PESTLE Insights