Lulu has tied up with the state government to open the centre in Amritsar over 20 acres of land with capacity of producing 200,000 metric tons
food processing
Latest in food processing
acquisitions
SALIC acquires 9.2% stake in Indian food processing company LT Foods for SAR209 million
The latest equity investment follows SALIC’s earlier acquisition of 30 percent stake in Daawat, one of LT Foods’ rice processing subsidiary in Indi
Abu Dhabi
Abu Dhabi’s IHC launches offer to acquire up to 31.25% stake in Colombia’s Grupo Nutresa
The offer followed the investment major getting approval from the Colombian Superintendency of Finance for the stake bid
Abu Dhabi
Abu Dhabi’s IHC bids $2 billion for stake in Colombia’s Nutresa
IHC said it has filed a request to tender for 25 percent to 31.25 percent of the Colombian firm valued at $15 per share
food and agriculture business
Saudi-based Tanmiah announces 20% first-half profit growth, eyes expansion
Tanmiah plans to further expand its capacity to serve growing local and regional demand
acquisitions
Abu Dhabi-based Agthia Group acquires majority stake in Nabil Foods
The acquisition marks the group’s first entry into the processed protein industry and is aligned with its 2025 ‘transformational strategy focused on scalable opportunities’, said Group CEO
