Description: A business that brings quality and authenticity in cuisine. An enterprise that blends entrepreneurship with originality. This is the rich legacy of MTR.
Orkla Foods strengthens its presence in India with the acquisition of Eastern Condiments
4thSeptember, 2020 Bangalore Orkla has entered into an agreement to acquire 67.8 per cent of the shares in Eastern Condiments Private Limited (âEasternâ). With this move, Orkla will double its sales in India.
Orkla already holds a strong position in the Indian branded food market with the well-known MTR brand which has grown its sales five-fold since it was acquired by Orkla in 2007. For the last 12 months ending 30 June 2020, MTR had a turnover of INR 9.2 billion (approx. NOK 1.1 billion). With the transaction announced today, Orkla will grow its position as one of the leading branded food players in India and have a platform for further growth in the spice category and in adjacent categories
Links to mtrfoods.com (8)
fogsv.comFogSV – Festival Of Globe- FOGSV – Federation of Indo-Americans of Northern California
dishcovery.inAuthentic Indian Food, vegetarian recipes, Cooking recipes - MTR Dishcovery
FogSV – Festival Of Globe- FOGSV – Federation of Indo-Americans of Northern California