Parle-G will make 200 types of Namkeen-Biscuits! Ongoing talks to buy this big company

Parle G Share Price: Talking about Parle-G in front of people who were born in the 90s and spent their childhood, their taste still comes on their lips. The Parle-G brand that makes biscuits and snacks does not need any introduction. If the news is to be believed, then the day is not far when the company that makes Parle-G will prepare more than 200 types of biscuits and namkeen. Yes, the country's largest biscuit brand is preparing to expand its business.

Talks underway between Parle-G and Dr. Gerard

According to media reports, Indian biscuit maker Parle Products is preparing to buy Dr. Gerard Company of Poland. Let us tell you that Dr Gerard was started in 1993. In 2013, Bridgepoint bought it from Groupe Poult of France. Now talks are going on with Parle Products' private equity firm Bridgepoint regarding this deal.

The company exports to more than 30 countries

According to the information given on the company's website, Dr. Gerard company produces about 200 products. This includes from biscuit-snacks to snacks. The products made by the company are exported to more than 30 countries. Bridgepoint had appointed investment bank Houlihan Lokey to exit Dr Gerard in early 2022. But this process could not be completed due to the war that started between Ukraine and Russia.

Parle-G brand was started in 1929

Parle Products has not given any official information about the ongoing talks with Bridgepoint. It has been told in the report that the estimated value of this biscuit-salted brand of Poland is 10 to 12 billion dollars. However, experts also say that this value can increase to $ 24 billion. Let us tell you that the Parle-G brand was started in 1929. For the first time in 1938, the production of biscuits named Parle-Gloco was started.