Tata Consumer Products Ltd (TCPL), on January 12, revealed its plans to acquire a 100% stake in Capital Foods, renowned for brands such as ‘Ching’s Secret’ and ‘Smith & Jones,’ for a substantial ₹5,100 crore. The strategic acquisition is structured in phases, with an initial 75% equity shareholding secured upfront and the remaining 25% to be acquired over the next three years.
Aligned with TCPL’s broader vision to diversify its product offerings, this move aims to tap into rapidly growing and high-margin segments within the packaged foods sector. Capital Foods, a prominent player in this domain, boasts robust brands and a diverse product range tailored for in-home consumption.
‘Ching’s Secret,’ a Desi Chinese market leader, spans categories like Chutneys, Blended Masalas, Sauces, and Soups. Simultaneously, ‘Smith & Jones’ gains traction for in-home cooking of Italian and Western cuisines. Capital Foods’ portfolio commands top positions in five significant categories.
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