Boston based Advent International, a leading global private equity investors, agreements to acquire a majority interest in DFM Foods Ltd. a leading Indian snack food producer.
Details are provided below:
- Advent to purchase up to 68% of DFM Foods Ltd., which sells products under the CRAX brand
- This transaction is Advents seventh investment in India in the past four years
- DFM is a pioneer in the Indian snack food market. The company markets corn rings, corn puffs, wheat puffs and crispy sticks under the CRAX, CURLS, NATKHAT and FRITTS brand names, respectively.
- DFM is a leader and innovator in a large, fast-growing segment of the Indian food and beverage industry, said Shweta Jalan, a Managing Director and Head of India at Advent International. The Company has strong brand awareness and distribution and numerous opportunities for continued growth. We are excited to partner with DFM to help drive its next phase of expansion.