Business Opportunities in India
Tatas acquire frozen foods brand, Sumeru
Our Bureau
Date of posting: 03-07-07
      The Tata group has acquired a 70% stake in Innovative Foods Ltd.(IFL), which owns "Sumeru" branded frozen foods in India. Sumeru sells frozen prawn, fish, sausages, salami and partly-cooked foods such as french fries.

      Stock market sources reported that the Tata Group company Indian hotels' subsidiary Residency Foods and Beverages acquired Innovative foods for an undisclosed sum.

      Sumeru is the most popular frozen foods brand in India and is available in most retail stores. The brand enjoys high visibility as Sumeru-branded cold storages are prominently placed in most Indian supermarkets.

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