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L T Foods acquires 30% stake in Netherland based organic food company

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L T Foods announced the acquisition of 30% stake in Leev.nu through its fellow subsidiary Nature Bio Foods BV (NBF B. V.), with an option to acquire a further 21% stake at the end of 5 years.

Nature Bio Foods Limited (NBF), the subsidiary of LT Foods has established itself as a responsible and dependable organic product and ingredient supplier across the globe. The Company has been providing authentic organic products through its holistic, integrated & sustainable business model that inspires, promotes & supports thousands of organic farmers.

The acquisition of a stake in Leev.nu is in line with long term growth strategy of NBF.

Leev.nu is a Netherlands based Organic Specialty Food Company with a portfolio comprising breakfast bars, healthy snacks, baking range & gluten free, low sugar products that promote an active & healthy lifestyle. Further, it is expanding its product portfolio and venturing into organic wholegrains category such as oats and flax seeds. Its products are available in both retail & online stores.

Besides NBF BV, AndersInvest, a private equity investor, & Did-It, a Company that has immense experience in worldwide trading of organic products, have also taken a stake in Leev.nu BV.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Wed, January 20 2021. 14:14 IST
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