LT Foods' US arm acquires 51% stake in US food firm Golden Star Trading

New Delhi-based, publicly listed LT Foods, known for packaged rice brands such as Daawat, has acquired a 51% stake in Torrance, CA (USA)-based Golden Star Trading Inc. along with its brand Golden Star via its subsidiary LT Foods Americas Inc. (LTFA). The transaction includes a call option to further acquire 49% stake at the end of three years. The acquisition will help strengthen LTFA's share in the branded Jasmine Rice segment.