Vadilal Industries’ wholly-owned subsidiary -- Vadilal Industries USA (VIU) has signed a stock purchase agreement with Krishna Krupa Corporation, USA (KKC) for subscription of shares with voting preferred stock in the capital stock of KKC, which would result in VIU holding up to 100% voting rights in KKC.
KKC operates an ice creams parlour in the state of Illinois, USA. Acquisition of KKC provides Vadilal Industries USA with ready platform to understand the parlour business operations in USA. Key learnings from KKC operations will help in preparation of a successful business plan for a nationwide parlour business.
Vadilal Industries is India's leading food & beverage company with a mission of spreading smiles across the world.
