MergerLinks Header Logo

Announced

Completed

Adani Wilmar completed the acquisition of Kohinoor from McCormick.

Synopsis

Adani Wilmar, a joint-venture between Adani Enterprises and Wilmar International, completed the acquisition of Kohinoor, a Basmati rice brand, from McCormick, an American food company that manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavoring products. Financial terms were not disclosed. "This acquisition is in sync with our business strategy to expand our portfolio in the higher margin branded staples and food products segment. We believe the packaged food category is under-penetrated with significant headroom for growth. The Kohinoor Brand has a strong brand recall and will help accelerate our leadership position in the Food FMCG category," Angshu Mallick, Adani Wilmar MD and CEO.

Principals

Show Details & Financials

Did you work on this deal?

Showcase your expertise to over 3 million dealmakers and industry leaders on Datasite.

Sort

By continuing, you agree to our Terms & Conditions and our Data Privacy Policy

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US