M&A
OfBusiness to acquire spice extraction biz from Kerala-based Elixir Extracts
B2B commerce unicorn OfBusiness (operated by OFB Tech Pvt Ltd) is to acquire the natural ingredients and spice extraction business of Kerala-based Elixir Extracts Pvt Ltd . The slump sale transaction will give OFB access to the solvent extraction unit of Elixir, along with its R&D capabilities.Specializing in Oleoresins, Essential Oils, Herbal Extracts and Micro Encapsulate Powders, Elixir supplies natural ingredients to food, beverage, nutraceutical and F&F sectors.
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