In a major corporate restructuring, Tata Global Beverages Ltd shall acquire all the branded consumer food businesses from Tata Chemicals Ltd. in an all-stock transaction that is aimed at creating a consumer business company. This will add TATA Salt and TATA Sampan brands as different product line of Salt and Staples along with its existing products in Tea, Coffee and other liquid beverages.

A long-term supply agreement in place, Tata Chemicals post existing the business shall still supply the products for both the brands and sales and distribution shall be taken care by Tata Global beverages leaving Tata Chemicals to focus on their core business of manufacturing and selling of basic chemistry and speciality chemicals.

Tata Chemical Limited (TCL), established in 1939, is a global chemicals company serving the needs of industry, consumers and the agricultural sector. The company manufactures inorganic chemicals, consumer products, crop protection and agriculture inputs, and nutritional solutions. It serves a varied set of customers across five continents with employees spread across four regions.

TCL is serving society through various product currently company having following portfolio of product

  • Basic chemistry product (Soda ash, Sodium Bi-carbonate, Tata Salt)
  • Speciality products (Agro Sciences, Nutritional Sciences, Material Sciences, Energy Sciences)

Tata Global Beverages Limited (TGBL), is a global beverage business; its brands have presence in over 40 countries. The company has significant interests in tea, coffee and water and is the world’s second largest tea company. Tetley is the most known brand of TGBL in the world.

Transaction

The Scheme provides for demerger of “Consumer Product Business”

Tata-Global-Beverages-Acquisitions-Food-Business-Tata-Chemicals-1

Please Subscribe to read the full article.

Your email address will not be published. Required fields are marked *

*

This site uses Akismet to reduce spam. Learn how your comment data is processed.

1 Comments


Join the conversation