Leo Dryfruits & Spices Trading Ltd, one of the leaders in the dry fruits and spices industry, has made the announcement of incorporating a wholly owned subsidiary dealing with the food and beverage catering business. The move is aimed at diversifying the business portfolio of the company and leveraging the expanding catering business. The new company will be able to utilize Leo's experience in quality ingredients to provide high-end catering services. This expansion is in line with the vision of the company to become a one-stop food solutions provider. The approval by the board is a major milestone in Leo's growth strategy, which can lead to new sources of revenue and strengthen its market position.
Source: Leo Dryfruits & Spices Trading Ltd Board Announcement