RJ Feeds Acquires Tanzania Poultry Firm

05 March, 2012

Aurangabad-based RJ Feeds Pvt Ltd has gone to Africa for its first acquisition. The company has recently acquired Tanzania-based integrated poultry firm Gold’N Chiks Ltd for an undisclosed amount. The deal involves 100 per cent buyout of the existing promoter’s stake and has been funded through internal accruals and bank financing.

This is also the maiden acquisition for Rs 500 crore RJ Group, which has interests in integrated poultry business, agri-biotechnology, and fertilisers & natural pesticides manufacturing, among others. Khadkeshwar Hatcheries, the flaship company of the group is one of the largest integrated poultry players Maharashtra.

“The group expects to leverage its vast experience in poultry business to expand its footprint into other African countries like Ethiopia, Kenya, etc.,” a company statement said.

Hyderabad-based Akasam Consulting was the advisor to RJ Feeds on the transaction. Akasam is also advising RJ Group on strategic reorganisation of its various businesses.

The Group, led by first-generation entrepreneur Raghavendra Joshi, is also looking to consolidate its presence in poultry and agriculture space through strategic partnerships both India and abroad.

Dar es Salaam-based Gold’N Chiks is a full scale poultry house with bird-rearing facilities, automatic feed mill and a dressing plant integrated with blast-freezing and refrigerated storage facilities. It also owns a popular brand for retailing chicken.


Leave Your Comment
Venky's India to acquire poultry business from holding firm for $12M

Venky’s India to acquire poultry business from holding firm for $12M

Bhawna Gupta 3 years ago
Pune-based Venky’s (India) Ltd, an integrated poultry firm, is acquiring poultry and packaging business of its holding firm Venkateshwara Hatcheries Pvt Ltd (VHPL) for Rs...
Three PIPE Ideas In Down Market

Three PIPE Ideas In Down Market

Ashish Chugh 9 years ago
“The secret of long-term investment success is benign neglect. Don’t try too hard. Much success can be attributed to inactivity.” – Warren Buffett Most investors...
AB InBev to exit JV with Ravi Jaipuria-controlled RJ Corp

AB InBev to exit JV with Ravi Jaipuria-controlled RJ Corp

Bhawna Gupta 3 years ago
Beer maker Anheuser-Busch InBev, is exiting its JV with RJ Corp, one of the largest bottlers and distributors of Pepsi in India which is also...
No Comments

RJ Feeds Acquires Tanzania Poultry Firm

Powered by WordPress.com VIP