Himalya International has terminated the Joint Venture (JV) agreements entered with Simplot. The company now is free to re-launch its products at Retail Chains & market to QSR & HORECA segment.
The company had suffered huge loss of production and market opportunity by giving exclusive rights on its production facilities in Himachal & Gujarat which Simplot JV could not exploit and kept Himalya units without orders for the last two & half years.
Himalaya International operates as a frozen food company in India. The company manufactures and sells mushrooms, vegetables, cheese, yogurts, appetizers, snacks, and sweets, as well as baby potatoes and buffalo cheese.
