Agro Tech Foods Supercharges Growth with Game-Changing Del Monte Acquisition

ATFL’s Landmark Deal Strengthens Market Position, Expands Product Offerings, and Unlocks New Growth Avenues in the FMCG Industry

Agro Tech Foods Limited (ATFL) has taken a bold step forward in the fast-moving consumer goods (FMCG) industry with its acquisition of Del Monte Foods Private Limited (DMFPL). This strategic move not only broadens ATFL’s market presence but also strengthens its product offerings, reinforcing its leadership in the sector. With combined revenue of ₹1,300 crore in FY24, Del Monte contributed 40% of this total and 38% of the merged entity’s EBITDA, solidifying its role as a key player in ATFL’s growth journey.

As part of the acquisition, Bharti and Del Monte Pacific Limited (DMPL) have become stakeholders in ATFL, with Bharti holding a 21% share—making it the second-largest shareholder—while DMPL holds 14%. To enhance strategic leadership, Harjeet Kohli, Joint Managing Director of Bharti Enterprises, has joined ATFL’s board.

The deal gives ATFL exclusive and perpetual rights to the Del Monte brand in India, integrating premium Italian foods, condiments, packaged fruits, and beverages into its portfolio. The company will leverage Del Monte’s state-of-the-art manufacturing and R&D facility in Hosur, Tamil Nadu, to drive innovation, improve product quality, and expand its market reach across retail and business segments, including quick-service restaurants and institutional buyers.

“This acquisition is a game-changer. With Del Monte’s strong brand and our expertise in food innovation and distribution, we are poised for significant growth,” said Nitish Bajaj, Group Managing Director of ATFL.

With this transformative acquisition, ATFL is set to redefine the FMCG landscape, driving innovation, growth, and customer satisfaction.

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