Tata will buy the company that makes Ching’s noodles: deal finalized for Rs 5100 crore, the company also makes soup and chutney.
Tata Consumer Products has signed a deal to buy 100% stake in Capital Foods, a company that sells Ching’s noodles. This deal has been done for Rs 5100 crore. Tata Consumer gave this information in an exchange filing on Friday, January 12.
Capital Foods sells its foods under two brands – Ching’s Secret and Smith & Jones. Under Ching’s Secret, the company sells Hakka Noodles, Schezwan Chutney, Flavored Instant Noodles and Chilli Vinegar. At the same time, Smith & Jones sells ginger garlic paste, pasta masala, peri peri masala, soya vadi nutri masala, matar paneer masala and shahi paneer masala under the brand.
Tata can also acquire Organic India
Tata Consumer may acquire organic herbal and ayurvedic health products firm ‘Organic India’. According to the report of Moneycontrol, talks are going on between the two companies for this deal. Tata Consumer Products may soon announce the purchase of Organic India from Fab India at a valuation of Rs 1800 crore.
Fab India holds 64% stake in Organic India
Fab India holds a 64% stake in Organic India, which works closely with thousands of small farmers. Organic India manufactures tea infusions, herbal supplements, staple and packaged foods, and personal care, among other products.
Tata’s portfolio includes tea, coffee and food
Tata Consumer’s portfolio includes tea, coffee, liquid beverages and food. Tata Consumer also owns UK tea company Tetley. Tata also has a partnership with Starbucks.
