MoneyWorks4Me

Tasty Bite Eatables’ US parent enters into strategic investment transaction with Kagome

15 Apr 2015 Evaluate

Tasty Bite Eatables’ parent company Preferred Brands International Inc. (PBI) has entered into strategic investment transaction with leading Japanese food company, Kagome Co. Under the terms of the transaction, approved by the Board of Directors of both companies, Kagome will hold a majority stake in PBI while providing an exit to PBI's private equity investors. The founders of PBI will continue to own a significant stake in the company and continue to run the business from its headquarters in Stamford CT, USA.

Tasty Bite Eatables is in the business of manufacturing and marketing ready-to-serve food and frozen vegetables. The company’s factory is located at Village Bhandgaon, Taluka Daund, Pune, Maharashtra. The company sells its products under brand name ‘Tasty Bite’.

Peers
Company Name CMP
Nestle India 1364.90
Varun Beverages 434.65
Britannia Industries 4939.00
LT Foods 422.25
Hatsun Agro Product 1163.20
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