Thursday, October 18, 2007

Temptation Foods is close to acquiring the 'Everfresh' brand of frozen foods and vegetables from Chambal Fertilisers & Chemicals [FM8579-29]

Everfresh :

The Everfresh acquisition will give the company access to the brand's cold chain distribution network within the country. Everfresh is manufactured at Sonepat, Haryana.

Temptation Foods :

The acquisition will also expand Temptation Foods' product portfolio to include sweet corn, green peas and mixed vegetables. Currently, about 90% of the company's products are consumed in the exports market.

Temptation Foods was set up in 1991 on the outskirts of Pune, for Individual Quick Frozen (IQF) processing of fruits and vegetables. The company underwent a complete financial restructuring in 2006, making it completely debt free by raising approximately $3 million from international hedge funds and high net worth individuals.
Temptation set to buy Everfresh : The Times of India

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