Parle-G: The company is working on its expansion, and plans to buy this Polish company!

Posted on 19th Oct 2022 03:23 pm by rohit kumar

Parle Ji, the popular name of the biscuit industry in the country, needs no introduction. This brand is very popular among people of all ages from kids to adults because of its products. The country's largest biscuit brand is now preparing to give a new dimension to its business. According to media reports, Parle-G may buy a Polish company, Dr. Gerard.

 

According to media reports, Indian biscuit maker Parle G may soon buy Polish company, Dr. Gerard. Parle company is in talks with private equity firm Bridgepoint for this deal. The Dr. Gerard company, established in 1993, was bought by Bridgepoint from Groupe Poult of France in 2013.

 

According to the information available on the company's website, Dr. Gerard, a Polish company, manufactures about 200 products. Its product list includes a variety of biscuits and salty snacks. The company exports these products to more than 30 countries. Earlier this year, Bridgepoint hired investment bank Houlihan Loki to exit Dr. Gerard, but the process did not pick up due to the Russia-Ukraine war.

 

However, there has been no official comment from Parle, Bridgepoint, or Dr. Gerard about this deal so far. According to media reports, the estimated value of this biscuit maker company from Poland is 10 to 12 billion rupees. In these reports, it has also been said by quoting a person associated with this case that this value can increase to $ 24 billion. Let us tell you that the Parle Company was started in the year 1929.

 

Also Read: Milk Price Hike: Inflation shock on festivals, Amul increases by two rupees on full cream milk, will have to pay such a price

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