Leo Dryfruits & Spices Trading Ltd to Acquire Assets of Munchin Foods for ₹ 1,50,00,000

Leo Dryfruits & Spices Trading Ltd, a Food and Catering Industry company, has announced it will acquire certain specific assets of Munchin Foods, a Partnership Firm based in Mumbai, India. The acquisition is valued at ₹ 1,50,00,000 and includes tangible and intangible assets such as plant & machinery, equipment, customer lists, supplier lists, permits, licenses, and the right to use the name ‘Munchin Lite-bits’. The acquisition is in line with Leo Dryfruits & Spices Trading Ltd's strategic objective to expand its footprint and explore synergistic opportunities in downstream business segments. Munchin Foods operates primarily in the food and packaged snacks segment and has a growing footprint in Western India with a niche market recognition in the value-for-money savory snack segment. The transaction is not a related party transaction.