Le Groupe Lactalis has bought out Hyderabad-based Tirumala Milk Products for $275 million.
January 10, 2014
The French dairy group has bought the 74% stake held by Tirumala Milk's founders and the rest 26% from private equity investor Carlyle Growth Capital Fund.
McCain Foods India Pvt. Ltd, the Indian subsidiary of McCain Foods Canada, announced the appointment of Vikas Mittal as managing director of India & Subcontinent region.
Danone agreed to buy Wockhardt's nutrition business and brands for 250 million euros ($355 million), gaining an entry into India's baby nutrition markets.