India: Norway’s Orkla acquires majority stake in Eastern Condiments

India: Norway’s Orkla acquires majority stake in Eastern Condiments

Photo by Andra Ion on Unsplash

Norway’s packaged consumer goods firm Orkla said it will purchase a 67.8% stake in Kerala-based spice maker Eastern Condiments Pvt. Ltd and merge it with its existing MTR Foods business to create a larger enterprise comprising ready-to-eat mixes and spices.

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