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Other Agricultural Products
Partnership22 Oct 2024, 03:24 pm

Himalaya Food International Revives Partnership with U.S. Food Service Major, Atlanta-based Processors Cooperative Foods

AI Summary

Himalaya Food International Ltd. is pleased to announce the revival of its business partnership with U.S. Food Service major, Atlanta-based Processors Cooperative Foods. The company has received fresh orders for its Frozen Baked Potato Skins, which will be supplied to restaurant chains in the Eastern U.S. After facing financial challenges, the company has been able to strengthen its position, thanks to fresh capital infused by the promoters to support working capital requirements and to make partial payments toward their One-Time Settlement (OTS) with banks. This marks a significant step in the revival of Himalaya Food International's American business, delivering high-quality, innovative frozen food products to the food service consumers in the United States.

Key Highlights

  • Revival of business partnership with U.S. Food Service major, Atlanta-based Processors Cooperative Foods
  • Received fresh orders for Frozen Baked Potato Skins
  • Fresh capital infused by promoters to support working capital requirements
  • Partial payments toward One-Time Settlement (OTS) with banks
  • Significant step in the revival of Himalaya Food International's American business
HFIL
Other Agricultural Products
Himalaya Food International Ltd

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