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Amira Nature Foods to acquire basmati rice distributor in Germany
date:Dec 25, 2013
Amira Nature Foods, a United Arab Emirates-based provider of packaged Indian specialty rice, has signed a deal to take over Basmati Rice, a Germany-based premium branded rice distributor, for an undisclosed amount.

Basmati Rice offers ten varieties of rice under the ATRY, Scheherazade, Sultan, Sativa and Sadry brands. The company generated $8m in sales in 2012 and $6.5m in sales for the nine-month period ended 30 September 2013.

Amira expects the transaction to be accretive to its fiscal year

12/23 07:22