Indian processed vegetable and fruit firm Temptation Foods is set to buy Everfresh, the frozen fruit and veg arm of local conglomerate Chambal Fertilizers and Chemicals.
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“The Everfresh acquisition will give us a healthy sales and distribution network within India,” said Temptation Foods MD Vinnith Kumar. “This acquisition is in line with our plans for growth in domestic business and exports.”
The acquisition will help Temptation access northern Indian fruits processed at the Everfresh facility in Pune.
Temptation Foods generated turnover of US$9.6m and net profit of US$1.4m during its 2006/07 fiscal year.
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By GlobalData
