AWL Agri eyes more acquisitions to drive presence in food vertical

AWL AGRI BUSINESS, formerly called Adani Wilmar, is eyeing further acquisitions in categories such as pulses and spices in a bid to step up presence in the food vertical, its MD & CEO Angshu Mallick told FE in an interaction.

- VIVEAT SUSAN PINTO

AWL AGRI BUSINESS, formerly called Adani Wilmar, is eyeing further acquisitions in categories such as pulses and spices in a bid to step up presence in the food vertical, its MD & CEO Angshu Mallick told FE in an interaction. Recently, it acquired GD Foods, the maker of the Tops brand of pickles and sauces, for an enterprise value of ₹603 crore.

Before the acquisition of Tops last month, the company had bought Omkar Chemicals for ₹56 crore in July 2024 to boost its presence in specialty chemicals.

Omkar Chemicals is part of the industry essentials vertical and now contributes 10% to overall revenue of AWL Agri Business.