Edible oil major Adani Wilmar Ltd (AWL) announced on Tuesday that it has acquired several brands, including the well-known Kohinoor brand – domestic (India region) from McCormick Switzerland GMBH for an undisclosed sum.
The acquisition would give AWL exclusive rights to the ‘Kohinoor’ basmati rice brand as well as the ‘Ready to Cook’, ‘Ready to Eat’ portfolio of curries and meals under the Kohinoor brand umbrella in India.
(This is a developing story. Check back for more details)
First post: STI