MUMBAI: Private equity firm True North sold majority stake in VKL Seasoning Pvt. Ltd., to Firmenich, the company said on Tuesday. True North invested about $40 million in VKL Seasoning for growth and expansion in 2013. Ltd (VSPL), established in 1996 in Kerala, is the flagship company of VKL Food Solution Enterprise. After the Swiss company’s acquisition, VKL Seasoning will retain its brand identity and will operate as a standalone business within the company.

Source: Mint April 30, 2019 16:05 UTC