Wipro’s Sunflower Vanaspati brand sold to Cargill India

Cargill India, US-based food producer and marketer, acquired the imageSunflower Vanaspati brand from Bangalore based IT major Wipro. Wipro wanted to get out of its traditional edible oil business. 

  • The acquisition is expected to make Cargill, (that processes 4,000 tonne per day) the largest vanaspati player, with Rath, Gemini and Nature Fresh Purita brands in its portfolio.

Sunflower Vanaspati is made out of edible vegetable oil and soya oil. The consumption of vanaspati oil is declining as people are choosing refined oil over it because of health concerns.

Advertisement

Categories: Banking Current Affairs 2018Business & Economy Current Affairs 2018

Tags:

advertisement

Comments