Hatsun Agro Product: India’s leading dairy company, Hatsun Agro Products Limited (HAP), has acquired Milk Mantra, a leading dairy company in the Odisha. The acquisition was made on Monday. Milk Mantra Dairy Private Limited is known for its commitment to quality in milk collection and marketing in the state.
The acquisition of Milk Mantra’s innovative dairy brand ‘Milky Moo’ has also been completed. The acquisition will further strengthen HAP’s position in the East Indian dairy market and the company’s focus on providing fresh, high-quality dairy products to its consumers.
Speaking on the occasion, Shrikumar Mishra, Founder, Milk Mantra, said, “Milk Mantra has always focused on building a dairy food brand that aims for excellence. Along with this, we have a strong focus on pioneering ethical milk procurement models, empowering farmers and providing high quality dairy products to our customers.
Being acquired by a company like Hotson Agro Products Limited is a natural step in our journey to increase our impact and innovation in the wider market. HP’s strong leadership and vast resources will help us enhance the value we offer to both consumers and farmers. We are excited about the future of ‘Milky Mu’ and this ownership change will bring positive changes not only in Odisha but also beyond.”
Commenting on the acquisition, R.G. Chandramogan, Chairman, Hotson Agro Products Limited said, “By acquiring Milk Mantra, HP is expanding beyond South and West India and strengthening its presence in East India. Odisha is a good source of cow milk, which creates a lot of opportunities from an economic perspective.
We are excited to add a strong brand like ‘Milky Mu’ to our brands like Arun, Ibaco, Hatsun and Arokya. We are committed to expanding the dairy industry in Odisha. From a logistical point of view, it will also provide an opportunity to strengthen the market in North Andhra, West Bengal and adjoining states, where Arun Ice Cream is already present.”
