McCormick & Company Inc is planning to acquire further stake in Kohinoor Foods’ subsidiary Kohinoor Speciality Foods India for an undisclosed amount. The US-based spice-maker which already has 85% stake in Kohinoor Speciality will acquire the remaining 15%.
In 2011, Kohinoor Foods and McCormick had set up a joint venture Kohinoor Speciality Foods India for marketing basmati rice and other food products.
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