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Bunge India completes acquisition of Amrit Banaspati’s edible oils, fats business

10 Feb 2012 Evaluate

Bunge India, a wholly owned subsidiary of Bunge has completed the acquisition of the edible oils and fats business of Amrit Banaspati. The company has also completed acquisition of rights to GAGAN, the vanaspati brand held by the company.

Bunge India originates, refines and markets a wide range of edible oils and fats to serve the needs of food manufacturers, food service companies and consumers across India.

Bunge is a leading global agribusiness and food company. Bunge buys, sells, stores and transports oilseeds and grains to serve customers worldwide; processes oilseeds to make protein meal for animal feed and edible oil products for commercial customers and consumers.

Amrit Banaspati is a leading North India-based edible oils and fats company with a storied history spanning seven decades. Its manufacturing plant in the state of Punjab includes equipment and facilities for refining crude edible oils, palm oil fractionation, hydrogenation, margarine production and packaging.

Amrit Corp is the flagship company of the Amrit Group and was established in 1940. Its present businesses consist of a dairy milk business that is engaged in the food service sector with a unique set of UHT milk products and real estate divisions.

Peers
Company Name CMP
Redington 220.95
Adani Enterprises 2088.20
Amrapali Industries 17.32
Rashi Peripheral 404.30
PDS 295.25
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