AWL Agri Business acquires 80% stake in G.D. Foods Manufacturing (India)

AWL Agri Business has acquired 80% of the issued and paid-up equity share capital of the G.D. Foods Manufacturing (India). Consequently, G.D. Foods Manufacturing (India) (GD Foods) has become a subsidiary of the company.

Earlier, the company had inked a definitive agreement to acquire G.D. Foods Manufacturing (India). The acquisition was planned to be executed in multiple tranches, with 80% of the shares to be acquired in the first tranche, and the remaining 20% to be acquired over the next three years. Aligned with its vision to cater to the kitchen needs of Indian households, this acquisition offers a strategic advantage by expanding its portfolio with a broad range of value-added food products.

AWL Agri Business is one of the few large FMCG food companies in India to offer most of the essential kitchen commodities for Indian consumers, including edible oil, wheat flour, rice, pulses and sugar.