Leo Dryfruits & Spices Trading Acquires Assets of M/s Munchin Foods to Expand Presence in Savoury Snack Segment

Leo Dryfruits & Spices Trading Limited has announced the acquisition of specific tangible and intangible assets of M/s Munchin Foods, a Mumbai-based partnership firm, for a total consideration of ₹ 1.50 Cr. The acquisition includes plant and machinery, equipment, computers, fixtures, and other related infrastructure, along with trade names, customer and supplier lists, existing customer contracts, regulatory permits and licenses, goodwill, and the exclusive rights to use the brand name ‘Munchin Lite-bits’. M/s Munchin Foods, established in 2018, has been engaged in the manufacture and sale of namkeen, snacks, and other food products under the brand ‘Munchin Lite-bits’. The acquisition aligns with Leo Dryfruits & Spices Trading Limited’s strategic objective to diversify its product portfolio and expand into adjacent downstream segments, particularly the packaged food and savoury snack categories.