Leo Dryfruits Acquires 60% Stake in STK Food Processing for Cross-Selling and Distribution Synergies
Leo Dryfruits & Spices Trading Limited, a leading player in the premium dry fruits, spices, and namkeen segment, has entered into a Share Purchase Agreement to acquire a 60% equity stake in STK Food Processing Pvt. Ltd., an established manufacturer of Makhana and Chana Sattu products. This acquisition is expected to unlock meaningful cross-selling and distribution synergies, enabling Leo Dryfruits to leverage STK Food Processing’s established market presence and customer relationships. This strategic move aligns with Leo Dryfruits’ long-term objective of scaling its premium product vertical by leveraging its sourcing capabilities, processing strengths, and stringent quality standards, particularly across B2G and institutional channels.
Key Highlights
- Leo Dryfruits to acquire 60% stake in STK Food Processing, a manufacturer of Makhana and Chana Sattu products.
- Acquisition expected to unlock cross-selling and distribution synergies, strengthening Leo Dryfruits’ high-value product portfolio.
- STK Food Processing is a recognized supplier to the Canteen Stores Department (CSD), Ministry of Defence, with seven products currently registered.
- Post-acquisition, the combined CSD product portfolio will increase to sixteen products, significantly strengthening the Company’s presence in this channel.
- Acquisition aligns with Leo Dryfruits’ long-term objective of scaling its premium product vertical and reinforcing its position as a trusted brand in India’s food industry.