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

Other news

Israel-Hamas War: On the sixth day of the ceasefire, Hamas released 14 hostages, including 10 Israelis and four Thai citizens.

On the sixth day of the ceasefire in Gaza between Israel and Hamas, the Palestinian terrorist gro

MCD Election Result: Kejriwal's head decorated with a crown of thorns, big responsibility to beautify Delhi

The Aam Aadmi Party seems to be getting a clear majority in the Delhi Municipal Corporation elect

IPL 2024: 'Time will tell who is happy, who is not...', this MI veteran's statement on the captaincy dispute between Rohit-Hardik

Former Indian team and Mumbai Indians spinner Harbhajan Singh has stated the ongoing captaincy di

Canada: PM Trudeau's chair in danger amid dispute with India, his party gave him time till this date

Amidst the ongoing diplomatic dispute with India, Canadian Prime Minister Justin Trudeau has been

PM Modi leaves for a tour of 5 countries, including Ghana, Brazil, and will attend the BRICS conference; Know what will be the agenda.

Prime Minister Narendra Modi has left for a five-nation visit today. This eight-day tour, which w

PM Modi: Due to fog, PM Modi's helicopter could not land in Taherpur; he delivered his address virtually from Kolkata airport.

Prime Minister Narendra Modi was unsuccessful in his attempt to land at the Taherpur helipad in W

IND vs PAK Controversy: Pycroft receives BCCI message four minutes before toss! Major revelation in handshake controversy

The dispute between the Pakistan Cricket Board (PCB) and the International Cricket Council (ICC)

Israel-Hamas War: Israel will not fire ammunition on Gaza for two months, proposal put forward to Hamas terrorists

Israel has once again moved forward on a ceasefire proposal in the Israel-Hamas war that started

Storm and rain wreak havoc in NCR, 4 killed in Ghaziabad-Gautam Buddha Nagar.

The strong storm and hailstorm that came at 8:30 p.m. on Wednesday night caused widespread devast

This model of iPhone sold the most in the year 2022, Samsung was also in the competition

The list of best-selling smartphones of the last quarter of last year has come to the fore. This