Heritage Foods Amalgamates Subsidiary Heritage Novandie Foods

Heritage Foods Limited has approved the amalgamation of its wholly owned subsidiary, Heritage Novandie Foods Limited, with the parent company. Heritage Novandie Foods operates the company's yogurt production under the Livo brand. This strategic integration aims to simplify operations, strengthen the Livo brand's platform for growth, and enhance the value-added dairy segment. The company aims to increase the contribution of value-added products to approximately 50% within three years. The amalgamation is expected to streamline the group structure, improve efficiency, enable better utilization of cash flows, and foster unified management and faster decision-making.