L Catterton Acquires Stake in Haldiram Snacks to Boost Packaged Food Dominance

The Competition Commission of India has approved L Catterton's acquisition of a stake in Haldiram Snacks Food Pvt Ltd. The deal, part of a strategic partnership, strengthens L Catterton's presence in India's packaged food market. Haldiram recently merged its Delhi and Nagpur-based operations.

On Tuesday, the Competition Commission of India sanctioned global investment firm L Catterton's acquisition of a stake in Haldiram Snacks Food Pvt Ltd. This move forms part of a larger strategic partnership, enhancing L Catterton's foothold in India's increasingly competitive packaged food sector.

The CCI disclosed that L Catterton India Fund, a scheme under L Catterton India Trust, will acquire certain shareholding of Haldiram Snacks, known for its array of packaged food products ranging from snacks to ready-to-drink beverages.

L Catterton's strategic entry into India's packaged food market follows Haldiram's sale of stakes to three investors, including Temasek and Alpha Wave Global. The acquisition further capitalizes on Haldiram's recent merger of its Delhi and Nagpur operations.

(With inputs from agencies.)