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Indian-Commodity  :  Corporate  :  Wipro divests 'Sunflower' brand Vanaspati to Cargill

Wipro divests 'Sunflower' brand Vanaspati to Cargill (11-Dec-2012)

Wipro and Cargill have signed an agreement wherein Cargill will acquire Wipro's Vanaspati brand 'Sunflower'. The scope of the acquisition is limited to the product brand only. The Sunflower Vanaspati business was about 1% of total Wipro Consumer Care and Lighting revenue. Acquiring Sunflower Vanaspati underscores Cargill's long-term commitment to growing its consumer food business in India.

Wipro has identified its core market segments to be Personal Care, Skin Care, Wellness and Lighting and in line with its strategy the company divested the Sunflower Vanaspati business.

Wipro provides comprehensive IT solutions and services, including systems integration, Information Systems outsourcing, IT enabled services, package implementation etc. It also has a strong presence in niche market segments of Infrastructure Engineering and Consumer Products & Lighting.


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