Leo Dryfruits Expands Reach with Strategic Acquisition of STK Food Processing

Leo Dryfruits & Spices Trading Limited has acquired a 60% stake in STK Food Processing, enhancing its market presence and product offerings. This move aims to leverage synergies for growth, enlarge the product portfolio, and bolster its standing in B2G and institutional channels, driving sustained business expansion.

In a significant strategic move, Leo Dryfruits & Spices Trading Limited, a prominent entity in the high-end dry fruits and spices sector, has announced its acquisition of a substantial 60% equity share in STK Food Processing Pvt. Ltd. The latter is renowned for its manufacture of Makhana and Chana Sattu products.

This acquisition is set to unlock substantial cross-selling and distribution synergies for Leo Dryfruits. The collaboration aims to exploit STK Food Processing's established market influence and customer connections to buoy Leo Dryfruits' growth trajectory. The merger further escalates the company's product portfolio, which is anticipated to spur sustained revenue growth.

Leo Dryfruits has been progressively expanding its footprint in the B2G and B2B domains. Chairman and Managing Director Kaushik Shah views the acquisition as pivotal to fortifying their market position. The integration aligns with the company's philosophy of blending premium sourcing and efficient distribution to serve large-scale clients while maintaining superior quality standards.

(With inputs from agencies.)