Krishival Foods, a packaged food company, has acquired a 52.94% stake in Melt ‘N’ Mellow Foods, marking its entry into the ice cream, dairy, and bakery sectors. The acquisition is part of Krishival’s strategy to expand its footprint in the fast-growing food sector and create long-term value for its shareholders.
Previously focused on nuts and dry fruits, Krishival’s latest move opens new opportunities for cross-selling and strengthens its presence in the evolving FMCG space. Melt ‘N’ Mellow currently distributes its products through 20,000 retailers across Maharashtra and North Karnataka.
“This strategic acquisition is a significant step towards profitable, sustainable growth and aligns with our vision of becoming a major player in aspirational food products,” said Aparna Bangar, CMD of Krishival Foods.
Melt ‘N’ Mellow reported sales of₹28.38 crore for FY23 and an unaudited ₹37.28 crore for FY24, highlighting the company’s growth in the ice cream market.