Parag Milk Foods acquires Danone's manufacturing facility at Sonipat

Parag Milk Foods total revenue in 2017-18 stood at Rs 17.3 billion

Parag Milk Foods has acquired Danone's manufacturing facility at Sonipat in Haryana, which will help it expand its footprint in the north and Northeast India.

"The acquisition is a strategic investment in strengthening our fresh category distribution in the north and northeast regions of the country, and cost us Rs 300 million together with its refurbishment. The additional amenities in the plant will increase our product portfolio in the region," Parag Milk Foods Chairman Devendra Shah said.

The addition of the new facility will add 6-7 per cent to the company's overall top line in two years, he added.

"We are expecting the