Lotte Buys Havmor Ice Cream

The company plans to develop a state-of-the-art manufacturing plant in Maharashtra's Pune district which is expected to become operational by June 2024

Money will be used for new production facility in Maharashtra

Its Talegaon plant would be operational by the fourth quarter of 2024, in which Lottee range of premium ice cream would be manufactured

Havmor makes 150 products from its two plants and has around 30,000 dealers

The home-grown ice cream brand is paring down its distribution network as it nurtures a pan-India ambition

The South Korean major, best known as a confectioner, will use its latest acquisition to make inroads into a new category in India