en.Wedoany.com Reported - Ahmedabad, India — Starch derivatives manufacturer Riddhi Siddhi Gluco Biols Ltd. (RSGBL) has acquired a corn processing plant and related assets in Davangere, Karnataka, India, from Cargill.

The transaction, announced on May 4, includes integrated manufacturing facilities encompassing land, production infrastructure, warehouses, and corn silos, further strengthening its operational footprint in southern India. The facility, operational since 2016, has an annual processing capacity of 300,000 tonnes.

Headquartered in Ahmedabad with over three decades of history, RSGBL stated that the acquisition of the corn processing plant will enhance its ability to meet the needs of customers in the food, pharmaceutical, and industrial sectors, while reinforcing its commitment to sustainable manufacturing and efficient operations.

"The strategic location of the Davangere plant enhances our ability to serve both domestic and export markets," said Siddharth Chowdhary, Executive Director of RSGBL. "We are firmly committed to the sustainable operation of this plant, including increasing the use of renewable energy. This acquisition symbolizes innovation, efficiency, and strategic growth, enabling the company to create long-term value for stakeholders while setting new industry benchmarks."

Cargill is a global agribusiness headquartered in Minneapolis, Minnesota, USA, and has been operating in India since 1987, with businesses covering refined oils, food ingredients, industrial specialty products, grains and oilseeds, cotton, animal nutrition, and trade and capital markets.

"We wish RSGBL success and believe this asset will support their growth in the starch industry," said Dheeraj Talreja, Vice President and Managing Director of Cargill India South Asia Foods.

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