Nestle India and ITC are in the final race to acquire Mumbai-based Capital Foods, makers of Ching’s Secret and Smith & Jones, media reports said. Mint said the deal-breaker may have to pay between ₹4,000 crore-₹5,000 crore to buy the food ingredient maker.
Ching’s Secret makes chutneys, instant soups, Chinese masalas, Chinese sauces, hakka noodles and flavored noodles for the ‘Indian Chinese’ food products. Smith & Jones has pasta masala, pizza ketchup and cooking pastes.
The 25-year-old company, with manufacturing facilities in Nasik, Kandla and Vapi, is jointly owned by US private equity group General Atlantic (35.43%) and Artal Asia Pte. (39.94%), a European family office and investment arm, Wildflower Family Trust (22.08%) and founder chairman Ajay Gupta (2.55%), Mint reported.
Capital Foods posted a revenue of ₹580 crore in FY22, down 14% from a year earlier, largely because of the Covid-19 pandemic and the closure of hotels and restaurants.
IndiFoodBev — authentic, impactful and influential
An English-language food and beverage processing and packaging industry B2B platform in print and web, IndiFoodBev is in its third year of publication. It is said that the Indian food and beverage industries represent approximately US$ 900 billion in revenues which implies more than 20% of the country’s GDP. Eliminating the wastage on the farmside can help to deliver more protein to a higher number of the population apart from generating sizable exports. The savings in soil, seeds, water, fertilizer, energy and ultimately food and nutrition could be the most immense contribution that country is poised to make to the moderation of climate change.
To improve your marketing and grow sales to the food and beverage processing and packaging industry, talk to us. Our research and consulting company IppStar [www.ippstar.org] can assess your potential and addressable markets in light of the competition. We can discuss marketing, communication, and sales strategies for market entry and growth.
Suppliers and service providers with a strategy and budget for targeted marketing can discuss using our hybrid print, web, video, and social media channels to create brand recognition linked to market relevance. Our technical writers are ready to meet you and your customers for content.
The second largest producer of fruit and vegetables in the world is continuously expanding processing capacities and delivery systems with appropriate innovative technologies. We cover product and consumer trends, nutrition, processing, research, equipment and packaging from farm to thali. Get our 2025 media kit and recalibrate your role in this dynamic market. Enhance your visibility and relevance to existing markets and turn potential customers into conversations. Ask for a sample copy of our bi-monthly in print or our weekly IndiFoodBev eZine each Wednesday.
For editorial info@ippgroup.in — for advertisement ads1@ippgroup.in and for subscriptions subscription@ippgroup.in
Naresh Khanna – 10 February 2025
Subscribe Now
