MGB Advisors acted as an advisor to the transaction
Mumbai-based Roha Dyechem, one of the largest players in the food colour and ingredients industry, has acquired Saraf Foods, a Vadodara-based freeze-drying specialist food processing company having a significant presence in global markets like the US, Europe, and Latin America.
Having started as a Freeze Drying company, Saraf Foods has done backward integration into Individual Quick Freezing (IQF), diversified into Air Drying and also launched its own brand of vacuum freeze-dried snacks (HALO).
Niche names such as Singapore-based Private Equity fund DSG Consumer Partners, Danish Agri-business Fund IFU, and UK-based Pedoria Group have been investors in Saraf Foods.
Mahesh Tibrewala, Managing Director, Roha Dyechem, said, “With its exclusive focus on freeze drying for nearly three decades, Saraf Foods is a strategic acquisition for us and will help us further expand our product portfolio of dehydrated vegetables and fruits which includes MVD and Air Dried technology with manufacturing in New Foods, Italy. With this acquisition, we now have production in India which enables us to expand our customer reach.”
Hailing from Italy, New Foods is Roha’s range of high quality natural dehydrated ingredients sourced from fruits, vegetables & herbs.
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