Leo Dryfruits Acquires Munchin Foods Assets in ₹15 Mn Deal—Eyes FMCG Expansion

Leo Dryfruits Acquires Munchin Foods Assets in ₹15 Mn Deal—Eyes FMCG Expansion

Leo Dryfruits & Spices Trading Ltd has announced the acquisition of select assets from Munchin Foods in a deal valued at ₹15 million, signaling its strategic entry into the value-added food processing and packaged snacks segment. The acquisition includes Munchin’s processing equipment, packaging lines, and select brand IP, aimed at strengthening Leo’s backend integration and product diversification.

 

This move aligns with Leo’s post-IPO roadmap to evolve from a commodity trader into a consumer-facing FMCG player, leveraging its strong sourcing network in dry fruits and spices. The company plans to launch a new line of ready-to-eat trail mixes, flavored nuts, and spice blends under a revamped brand identity by Q3 FY26.

 

The ₹15 million deal is expected to be funded through internal accruals and will be operationalized via Leo’s existing facility in Gujarat. With this, Leo aims to tap into India’s ₹40,000 crore healthy snacking market, which is growing at a CAGR of over 12%.

 

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Source: Moneycontrol – Leo Dryfruits Corporate Updates