HFL to enter into Joint Venture with a European dairy firm 

  • Heritage Foods manufactures and markets a full line of dairy products including fresh milk, curd, butter milk, lassi, ice-cream, paneer, butter, ghee, milk powder, flavoured milk, milk sweets and UHT milk and dairy whitener.
  • HFL is in the process of entering into a Joint Venture (JV) with a European dairy firm for manufacturing and marketing yogurt in India.
  • Being the leading player in curd segment, the company is going to launch varied products in Yogurt market and new products in beverages segment. This will further strengthen the current large portfolio of value-added products.
  • It has plans to set up five milk processing units across the country.
    HFL currently handles 14 lakh litres of milk per day.
  • Heritage had already made inroads into western markets like Pune and Mumbai besides Northern market. The management is confident of achieving these numbers by both organic and inorganic growth.
  • As a part of an inorganic expansion, the company had recently acquired the dairy business of Reliance Retail making Heritage Foods a pan-India player.
Source: http://bit.ly/2oOQu3k

 

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Chahal Popli

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Yash Rathod

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