Tata Chemicals, a major player in commodity businesses like soda ash and fertilisers, is eyeing acquisitions in consumer food business including agri-seeds, and a foray into staple food business as part of its new thrust areas of food and wellness identified by group chairman Cyrus Mistry.
Though, the company has clarified that there is nothing on the table as yet and acquisitions, if they happen, would be of smaller-ticket size of around Rs 500 crore.
After the branded salt play, Tata Chemicals has recently ventured into pulses under iSakthi brand, while it is currently test-marketing masalas like chilli, turmeric and coriander.
Tata Chemicals is the world’s second largest producer of soda ash with manufacturing facilities in Asia, Europe, Africa and North America. The company’s industry essentials product range provides key ingredients to some of the world’s largest manufacturers of glass, detergents and other industrial products.
