M&A Deal Summary

NSL Sugars ltd. Acquires Jay Mahesh Sugar Industries

On June 1, 2011, NSL Sugars ltd. acquired food company Jay Mahesh Sugar Industries from Spray Engineering Devices for 2.3B INR

Acquisition Highlights
  • This is NSL Sugars ltd.’s 1st transaction in the Food sector.
  • This is NSL Sugars ltd.’s largest (disclosed) transaction.
  • This is NSL Sugars ltd.’s 1st transaction in India.

M&A Deal Summary

Date 2011-06-01
Target Jay Mahesh Sugar Industries
Sector Food
Buyer(s) NSL Sugars ltd.
Sellers(s) Spray Engineering Devices
Deal Type Add-on Acquisition
Deal Value 2.3B INR

Target

Jay Mahesh Sugar Industries

Majalgaon, India
Jay Mahesh Sugar Industries Ltd. provides sugar manufacturing and distillery services.

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Buyer(S) 1

Buyer

NSL Sugars ltd.

Hyderabad, India

Category Company
Sector Food
DESCRIPTION

NSL Sugars Limited produces and markets white and refined sugar for the Food Corporation of India and private sugar wholesale traders in Karnataka and Kerala.


DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (India) 1 of 1
Year (2011) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Spray Engineering Devices

Mohali, India

Category Company
Founded 1992
Sector Machinery
DESCRIPTION

Spray Engineering Devices Limited provides EPC solutions for sugar and other industries.


DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (India) 1 of 1
Year (2011) 1 of 1
Size (of disclosed) 1 of 1