Future Consumer Acquires Affluence Food Processors
2018-11-06 Merger and Acquisitions Food Processing & Beverages Western India
Future Consumer Limited announces acquisition of the entire stake in Affluence Food Processors Private Limited ("Affluence") held by E.K. Sons Agro Foods (" JV Partner") and the Promoters of Affluence. The company has entered into a definitive agreement(s) for acquiring the entire stake from the JV Partner and the Promoters of Affluence. Consequent to the same, Affluence has become a wholly owned subsidiary of the Company. Further, the Company has also entered into a Termination Agreement with the JV Partner pursuant to which the Joint Venture and Shareholders Agreement entered into between the Company and the JV Partner stands terminated.