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AWL Agri eyes more acquisitions to drive presence in food vertical
Financial Express Hyderabad
|April 30, 2025
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.
Mallick said that the company, which has unveiled a new logo to mark the shift in identity following the exit of the Adani Group from the firm, was keen on beefing up its food presence as it sought to double its revenue from the vertical in the next 3-4 years.
This story is from the April 30, 2025 edition of Financial Express Hyderabad.
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