Hyderabad, Oct. 27 -- Heritage Foods Limited, one of India's leadfing dairy companies, today announced the acquisition of a majority stake in M/s. Peanut Butter and Jelly Private Limited, the company that owns Get-A-Way - India's pioneering guilt-free indulgence brand specializing in high-protein, no added sugar ice creams and desserts.
Heritage Foods has acquired a controlling 51 per cent shareholding in the company through secondary buyouts from existing investors while the remaining 49 per cent shareholding will continue to be held by the original promoters.
The deal also provides Heritage Foods the option to purchase an additional 20 per cent stake from the promoters by March 2026 at an appropriate valuation, the company said in a rel...