S H Kelkar & Company enters into agreement to acquire Creative Flavours and Fragrances S.p.A

On 15 January 2018

S H Kelkar & Company has entered into an agreement to acquire Italy based - Creative Flavours and Fragrances S.p.A along with its subsidiaries on 15 January 2018. The company, either by itself or through any of its subsidiaries, would be acquiring 100% share capital of CFF over two to three years. As per the agreement, the company is to acquire 51% stake upfront for approx. Euro 12 million. Remaining stake shall be acquired within three years, consideration for which shall be paid based on CFF's performance.

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