Future Supply Chains to acquire ‘Brattle Foods’
Future Supply Chains (FSC) will acquire logistics start-up firm Brattle Foods for an undisclosed amount.
As per the agreement between the two firms, Brattle Foods will merge with FSC and shareholders GTI Capital and Epiphany Ventures will get some shareholding in the Future Group company.
“This acquisition and merger will complement the existing modern technology and automation-based supply chain capability of Future Supply Chains in the food and FMCG domain,” Anshuman Singh, FSC Managing Director and CEO said. He further said, “It will enable FSC to address the frozen, chilled and cold warehousing requirements, coupled with the refrigerated container transportation requirements across the country.” This merger and acquisition will create immediate capability to serve Future Group’s recently set up 110-acre food park on the outskirts of Bangalore and thetwo planned projects in West Bengal and Madhya Pradesh.