ITC to acquire spice-maker Sunrise Foods

FMCG major ITC Ltd will acquire city-based packaged spice-maker Sunrise Foods for an undisclosed sum.
The company has entered into a share purchase agreement to acquire 100 per cent of the equity share capital of Sunrise Foods Private Ltd (SFPL).
SFPL is a 70-year-old legacy brand engaged in the business of spices under the trademark ‘Sunrise’. The brand is a market leader in eastern India in the packaged spices category — both in basic and blended segments.