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TCPL will acquire 75% of Capital Foods upfront and the remaining 25% over the next three years. Invus Group and US private equity group General Atlantic will divest their respective 40% and 35% stakes. Invus is a European family office and investment arm. ET was the first to report both acquisitions in its January 12 edition.
Gregory Price has been selected as chief operating officer of Akira Technologies, bringing more than 25 years of career experience to the company. In his new position, Price will help drive expansion and optimize operations for Akira, the Washington, D.C.-headquartered small business shared with ExecutiveBiz in an email sent Thursday.
Capital Foods acquisition will enable TCPL to expand its product portfolio and further strengthen its pantry platform. "There are significant synergy benefits with the existing businesses of Tata Consumer Products in areas spanning distribution, logistics, exports and overheads," it said.
EUR 10 Million Acquisition Strengthens Noatum Terminals’ Position as a Leading Multipurpose Port Operator in the Western Mediterranean Region.
ACC Limited, subsidiary of Ambuja Cements Limited and a leading entity in the cement and building materials sector, currently holds 45 per cent stake in Asian Concretes and Cements Private Limited (ACCPL).