Chatha Foods Limited (CFL) and Frigorifico Allana Private Limited (FAPL) have officially entered into a Shareholder’s Agreement (SHA) to establish a Joint Venture (JV) company. The new entity will focus on the manufacturing and sale of Ready-to-Cook (RTC) and Ready-to-Eat (RTE) meat and chicken products. This partnership will also include setting up a processing plant with a capacity of 6000 MT per year for meat products and 4500 MT per year for chicken products.
Chatha Foods, a leader in poultry product production, processing, and distribution, specializes in RTC and RTE chicken and meat products. On the other hand, Frigorifico Allana, known for its expertise in processing and exporting frozen and chilled meat, brings valuable industry experience to the collaboration.
The main objective of the JV is to manufacture, process, and distribute RTC/RTE meat and chicken products, including activities like storage, freezing, distribution, sale, and transportation of these products in both domestic and international markets. The new company will combine both companies’ strengths in production, logistics, and global reach.
Under the agreement, Chatha Foods will hold a 70% ownership stake in the JV, while Frigorifico Allana will hold the remaining 30%. This move is expected to solidify their combined market position and drive further growth in the food industry, particularly in the high-demand segments of RTC and RTE products.
Mr. Paramjit Singh Chatha, Chairman and Managing Director of Chatha Foods, expressed his excitement about the partnership, saying, “This joint venture is an excellent opportunity for both companies to combine resources and expertise. Together, we will strengthen our market position and work towards achieving significant milestones in the food industry. We look forward to a successful partnership and the opportunities it will create.”
This collaboration represents a major step for both companies, uniting their industry knowledge, resources, and operational capabilities to provide innovative products and services to meet growing consumer demand. The JV is expected to contribute significantly to the competitive positioning of both brands in the food sector.
