Announced

Adani Wilmar to acquire G.D. Foods.

Synopsis

Adani Wilmar, a packaged goods company, agreed to acquire G.D. Foods, the maker of Tops ketchup and noodles. Financial terms were not disclosed. “As the market evolves, there is a clear need for trusted national food FMCG brands to deliver high-quality, affordable products that fulfil the essential needs of Indian kitchens. Delivering on this requires best-in-class manufacturing operations and a broad distribution reach, both of which are key strengths of Adani Wilmar,” Angshu Mallick, Adani Wilmar Managing Director and CEO.

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