PE firm True North sells majority stake in India's VKL Seasoning to Swiss firm

Photo: unsplash.com/Akhil Chandran

Firmenich, a Switzerland-based privately-owned company in the perfume and taste business, has agreed to acquire a majority stake in Indian seasonings maker VKL Seasoning from private equity firm True North, according to an announcement.

The sale marks the second exit this year for True North. Last month, it sold Innovative B2B Logistics Solutions to Adani Logistics.

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