Acquisition opportunity: Looking at acquiring FMCG business/company into categories such as millets, pulses, rice, etc.

A large Indian group with leadership presence in several businesses like Financial services, Agriculture, Engineering etc, and with a known reputation for value creation and high standards of governance is looking at acquiring FMCG businesses/companies.

Requirements:

• The FMCG business should be related to food and allied industries. Preferred categories are:
  a) Millets
  b) Pulses
  c) Rice
  d) Any other ready to cook/ready to eat products (made with the above)
  e) Vermicelli
  f) Rava
  g) Spices – whole and powdered
  h) Bread/Biscuits/other baked items
  i) Confectionaries
  j) Pickles
  k) Ready to eat snacks
  l) Noodles
• It should have-
  a. A strong distribution presence in the southern Indian markets.
  b. A significant market share in one or more food categories in some of its markets.
  c. An established product development vertical with a reputation for developing new products and commercializing them successfully.
• Companies having a strong sourcing network and tie-ups at a more grassroots level (with farmers/FPOs) will be preferred.
• The turnover of the Business/Brand should be at least INR 100 Crs. However, if the company has a strong brand presence and distribution network or is a state/regional market leader in any food category, this turnover criterion can be overlooked.
• The company should not be having any adverse business reputation or been involved in serious legal/regulatory non-compliances in the past

Note: Strong regional brands from Tamil Nadu, Andhra Pradesh & Telangana, Karnataka, and Kerala will be preferred.