March 9, 2025
admin
(20 seconds reading) Adani Wilmar has signed an agreement to acquire GD Foods, the owner of the popular ‘Tops’ brand, known for its sauces and pickles. The deal will be completed in two phases, with 80% of shares acquired initially and the remaining 20% over three years. This acquisition will expand Adani Wilmar’s portfolio with high-margin products, including top-tier ketchup and pickles, and enhance its distribution reach. The transaction will be funded through internal accruals or IPO proceeds.
