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Advent International to acquire 68% in DFM Foods

Advent International Corporation has entered into a pact with the promoters of DFM Foods, which sells snacks under the Crax and the Natkhat brands, to acquire 67.9 per cent stake in the Delhi-based firm (DFM Foods) for around Rs 851.6 crore in an all cash deal.

DFM Foods is engaged in the business of manufacturing, selling and marketing of packaged snack foods. Corn Rings and Wheat Puffs are marketed under the CRAX and NATKHAT brand names respectively.

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