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Amtek Group company Rollatainers acquires coffee chain Barista

India TV Business Desk 12 Aug 2014, 12:21:28 PM IST
India TV Business Desk
New Delhi: Haryana-based packaging company Rollatainers Ltd, owned by Arvind Dham controlled Amtek Group, has acquired India's oldest and second largest coffee chain Barista, currently a subsidiary of Italy's Lavazza. The deal, said to be to the tune of Rs 100 cr, has been done through Rollatainers' wholly owned subsidiary Carnation Hospitality Pvt Ltd.

Rollatainers did not specify the quantum of stake or the value of the deal but said it will get management control as part of the agreement.

In a statement to the stock exchanges, Rollatainers said that its entry into the coffee sector complements its existing presence in the casual and fine dining restaurant sectors and food services sub-sector.

The move would expand the company's recent entry into the food & beverage space.

Last month, Carnation entered into separate business purchase agreements with Welgrow Hotel Concepts Pvt Ltd and Mapple Hospitality Pvt Ltd to operate their brands.

Carnation has also formed a 50:50 joint venture with International Market Management (IMM) under Dolomite Restaurants.

Rollatainers is one of the largest producers of lined cartons in India. The firm's clientele portfolio includes Amul, Bacardi, Bharat Petroleum, Gillette, Britannia and Haldirams.

Barista was established in 2000 by Turner Morrison in India and Ravi Deol served as the first CEO, setting up 128 stores and three in Sri Lanka. At present the company has presence in the UAE, Nepal, Bangladesh and Myanmar.