FDBusiness.com

ConAgra Foods, one of North America’s leading food manufacturers, has become the majority owner of Indian food companyAgro Tech Foods, increasing its stake to more than 50% at a cost of $10 million. Agro Tech Foods is a public limited company that markets food and food ingredients to consumers and institutional customers in India. The company’s products include Sundrop branded edible oils, shelf stable pudding and peanut butter, Crystal branded sunflower oil, Healthy World branded dried green peas, and, based on a license from ConAgra Foods, ACT II branded popcorn.

Gary Rodkin, chief executive of ConAgra Foods, comments. “Expanding our international business is a key part of our strategic plan, and India represents an attractive growth market for ConAgra Foods. We will continue to work with Agro Tech’s management team to expand its business and our investment in this important region.”