Hotline: 1800 102 2007
X
Search Business Opportunities
Oct, 18 2017

Goodricke group to acquire Godfrey Phillips India

With Goodricke has experience in the field of manufacturing and packaging, this acquisition will reinforce its position in the business of packaged tea

One of the leading Darjeeling tea producer Goodricke Group Ltd, (GGL) has entered into an agreement with Godfrey Phillips India (GPI) to acquire the latter’s packed tea brands like Tea City, Sc Gold, Symphony, Samovar, SC premium, Super Cup and utsav at a Rs 20 crore.

In a statement released by GGL said “the deal will give GGL the rights on the trademarks, titles and brand associated with tea business. These newly acquired brands will help Goodricke deliver on its plan of enhancing the tea culture of India through its package tea division.

With Goodricke has experience in the field of manufacturing and packaging, this acquisition will reinforce its position in the business of packaged tea. Goodricke is currently managing a business of 9 million KGS through the FMCG route and it hopes to sustain 14 million KGS by absorbing GPI brands distribution and operation.

Mr. A.N Singh, CEO & MD, Goodricke Group Ltd, said, “This acquisition will bring synergy to our branded tea business and help us integrate all channels and develop this department further.”

Comment
Related opportunities
  • E-Commerce & Related
    About Us   Company Name: Ankit Enterprises Brand Name: meSleep Ventured into their..
    Locations looking for expansion Delhi
    Establishment year 2010
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Computer Hardware & IT
    About Us: Relops Services Pvt. Ltd. - Start a business in..
    Locations looking for expansion Haryana
    Establishment year 2014
    Franchising Launch Date 2015
    Investment size
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater Faridabad Haryana
  • Quick Service Restaurants
    About Us: Iyer's Delight: With a vision to spread the love..
    Locations looking for expansion Tamil nadu
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Chennai Tamil nadu
  • Quick Service Restaurants
    About Us: Pizza is easily recognised food item in the world,..
    Locations looking for expansion Gujarat
    Establishment year 2012
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ahmedabad Gujarat
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities