Jain Irrigation Systems’ arm acquires 100% stake in Belgium based company

27 Feb 2018

Jain Irrigation Systems’ subsidiary - Jain Farm Fresh Foods, India (JFFFL) through its multi generation Wholly Owned Subsidiary in Belgium has acquired 100% stake in INNOVAFOOD N.V. Belgium and its affiliate companies.

Founded in year 2000, Innovafood is a leading importer, stockist and distributor of food ingredients and has become one of the leading player in the dehydrated vegetables, spices and other food ingredients in Belgium, The Netherlands, France and other neighbouring countries.

This acquisition will help JFFL to get one step closer to the market, have direct presence in large food ingredients market, bring cost efficiencies by optimizing supply chain and provide market access and further value addition opportunities in food ingredients market directly.

Jain Irrigation Systems is a manufacturer of a wide variety of PVC pipes, PE pipes, water and gas transportation pipes, ducts for optical fibre cables and drip irrigation pipes.

Related Jain Irrigation Systems Ltd. Links:

Jain Irrigation Sys Share Price

17.45 0.80 (4.80%) Apr 23, 11:25
1 Year Price Chart
Company Name CMP
Supreme Industries 1969.90
Uflex 366.00
Jindal Poly Films 778.30
Finolex Inds 147.55
EPL 221.95
View more..
Sensex vs Jain Irrigation Sys
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323