Agro Tech Foods Transforms into Sundrop Brands with Del Monte Acquisition, Appoints New Group MD

Agro Tech Foods Limited (ATFL) has announced the acquisition of 100% stake in Del Monte Foods Private Limited (DMFPL), subject to required approvals. This acquisition adds an established portfolio of food products under ATFL’s umbrella and marks a significant step forward in the Company’s expansion plans. ATFL proposes to rebrand itself as Sundrop Brands, reflecting a renewed commitment to its growth aspirations under new ownership. Nitish Bajaj has been appointed as Group Managing Director of the Company. The transaction will enhance ATFL’s presence across retail and food services sectors, expanding its reach to traditional retail, modern retail, quick-service restaurants and food services customers. The company will also gain access to Del Monte’s manufacturing and R&D facility in Hosur, Tamil Nadu and in Ludhiana, Punjab.