date:Jun 02, 2012
The French starch specialist bought the assets from family-owned Riddhi Siddhi and will hold a majority stake in the new JV company, Roquette Riddhi Siddhi.
A strategic alliance between the two firms started in 2006 when Roquette snapped up a 14.9% shareholding in the Indian starch firm. Purchasing three of Riddhi Siddhis starch production sites one in the South West state of Karnataka, another North in Uttarakhand and the Western Indian state of Gujarat has now established a JV.
Guy Talb