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Marico sells 'Sil' division to Danish Good Food Group
Our Bureau
Date of posting: 12-03-08
      Indian processed foods maker Marico Ltd. has announced the sale of its processed foods business under the brand "Sil" to a Danish business house, Good Food Group. The company said in a communication to the stock exchanges where its shares are listed such as the BSE.

      The transaction, for an undisclosed consideration envisages a sale of Marico's Sil business to the Indian subsidiary of Scandic Food India Pvt Ltd (Scandic).

      Marico will distribute the Sil range of products for Scandic for a period of one year. Sil is a prominent brand of jams and other processed foods and widely sold in western India.

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