Business Opportunities in India
Nestle may buy food companies in India
Our Bureau
Date of posting: 06-07-07
      Nestle India is eyeing food companies which it can buy to speed up growth. Though no names are out as yet, the market is agog that the Swiss major has its eyes on companies in the water, yoghurt and packaged milk segments.

      Potential buyouts could be across existing categories as well as new ones. "M&As are on the radar, and we are on the lookout for acquisitions which are a strategic and cultural fit with our existing portfolio", Nestle India chairman and managing director Martial Rolland was quoted in a leading Indian business newspaper.

      While Nestle SA is a big player in packaged water and ice-cream globally, the company has been slow in these sectors in India. The company, in fact, had exited the packaged water business in India some years ago. However, with growing retailing, the company feels now is the time to get more aggressively into milk, icecream and related foods.

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