Archive · 2 Jul 2025
Leo Dryfruits & Spices Buys Munchin Foods' Assets to Expand Snacks
Leo Dryfruits & Spices Trading, a company that sells spices and dry fruits, bought some things from Munchin Foods, a company that makes snacks.
They bought things like machines, brand names, and customer lists.
The deal cost ₹1.50 Cr and was finalized in June 2025.
Munchin Foods sells snacks called 'Munchin Lite-bits'.
Leo wants to sell more types of food, especially snacks, and thinks this will help them do that.
They believe they can make the snacks even better by using their expertise in spices and dry fruits.
Leo Dryfruits & Spices Trading Limited acquired assets of M/s Munchin Foods.
The acquisition includes tangible assets like machinery and equipment, and intangible assets like trade names and customer lists.
The deal was finalized via an Asset Purchase Agreement on June 28, 2025, for ₹1.50 Cr.
Munchin Foods, established in 2018, produced snacks under the 'Munchin Lite-bits' brand.
Leo aims to diversify and expand into the packaged food and savoury snack categories.
- Who
- Leo Dryfruits & Spices Trading Limited acquired assets from M/s Munchin Foods.
- What
- Leo Dryfruits & Spices Trading Limited acquired assets of M/s Munchin Foods.
- When
- The acquisition was executed on June 28, 2025.
- Where
- The companies operate in India; Munchin Foods in Mumbai, and Leo in New Delhi.
- Why
- Leo aims to expand its product portfolio and enter the packaged food and savoury snack market.
- Acquiring Company
- Leo Dryfruits & Spices Trading Limited
- Target Company
- M/s Munchin Foods
- Transaction Type
- Asset Acquisition
- Deal Value
- ₹1.50 Cr
- Closing Date
- June 28, 2025
- Munchin Foods Revenue FY23
- ₹3.71 Cr
- Munchin Foods Brand
- Munchin Lite-bits