Cargill foods an MNCs has bought over the company Parakh Foods. Cargill is a very large American MNC and is the largest producer of edible oil in India. Parakh Foods had built a large marketing network in various parts of India and had 4 oil refineries which is shifted to Cargill now

Acquisition of Parakh Foods by Cargill Foods

Introduction
Cargill Foods, an American multinational company, has acquired the indigenous Indian company Parakh Foods. The acquisition was made to expand Cargill's presence in the Indian market and to capitalize on the growing demand for edible oils and other food products.

About Cargill Foods
Cargill Foods is a global food and agriculture company that operates in over 70 countries. The company produces and supplies a wide range of food products, including edible oils, dairy products, meat, poultry, and grains. Cargill Foods has been operating in India since 1987 and has a strong presence in the edible oil segment.

About Parakh Foods
Parakh Foods is an Indian company that produces and markets edible oils, vanaspati, and bakery fats. The company was founded in 1992 and has a strong presence in the western region of India. Parakh Foods has a portfolio of popular brands, including Sunrich, Sunlite, and Paras Gold.

Reasons for Acquisition
Cargill Foods' acquisition of Parakh Foods is part of the company's strategy to expand its presence in the Indian market. India is one of the world's largest edible oil markets, and the demand for edible oils is expected to grow in the coming years. By acquiring Parakh Foods, Cargill Foods will be able to capitalize on this growing demand and expand its product portfolio.

Impact of Acquisition
The acquisition of Parakh Foods will enable Cargill Foods to strengthen its position in the Indian market. With the addition of Parakh Foods' popular brands, Cargill Foods will be able to offer a wider range of products to its customers. The acquisition will also help Cargill Foods to leverage Parakh Foods' distribution network and reach more customers across the country.

Conclusion
The acquisition of Parakh Foods by Cargill Foods is a significant development in the Indian food industry. The acquisition will benefit both companies and help them to capitalize on the growing demand for food products in India.