Dairy products seller Ace International raises Rs.305-Cr from FMO, others

New Delhi-based Ace International , a food and nutrition ingredients company, has raised about INR 305 crore from Dutch entrepreneurial development bank FMO, Swiss investment firm responsAbility, Belgium-based investment firm Incofin, and Fiedlin Ventures.The company will use the capital to establish a greenfield, fully integrated dairy ingredients and nutrition facility and complex at Kuppam in Andhra Pradesh. This facility will produce high-performance, customised nutrition ingredients.