A focused consumer products company, Tata Consumer Products has announced that the company has signed definitive agreements to acquire up to 100% of the issued equity share capital of Organic India.
Sunil D’Souza, MD & CEO, Tata Consumer Products said, “We are excited about bringing Organic India into Tata Consumer Products. This transaction aligns well with Tata Consumer’s overall strategic objectives and presents exciting market opportunities in the rapidly growing Health & Wellness segment.”
“Organic India’s differentiated products and robust supply chain together with Tata Consumer’s distribution strength across channels in India and specific geographies globally makes us confident of accelerating momentum in the business while improving our margin profile”, Sunil D’Souza added.
Mr. William Bissell, Managing Director of Fabindia said, “Tata is India’s most venerated and dynamic brand.”
“That is why we are immensely excited that they will be guiding Organic India through its next chapter and stewarding the vital mission for which Organic India stands”, Mr. William Bissell added.
Through this merger and acquisition Tata Consumer’s strategic intent to expand its product portfolio and its target addressable market in fast-growing/high margin categories and moreover this will create a platform for Tata Consumer Products in Health & Wellness.
Organic India has presence for over 25 years established brand with a geographical footprint covering over 48 countries, substantially from India and the USA.
Tata Consumer Product’s is the 2nd largest branded tea company in the world and has portfolio of products includes tea, coffee, water, RTD, salt, pulses, spices, ready-to-cook and ready-to-eat offerings, breakfast cereals, snacks and mini meals.
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