Future Supply Chains to acquire logistics firm Brattle Foods

Future Supply Chains, part of Kishore Biyani's Future Group is planning to acquire logistics start-up firm Brattle Foods for an undisclosed amount, reports PTI.

As per the agreement, Brattle Food will merge with Future Supply Chains (FSC) and shareholders GTI Capital and Epiphany Ventures will get some shareholding in the Future Group.

"This acquisition and merger will complement the existing modern technology and automation-based supply chain capability of Future Supply Chains in the food and FMCG domain," said, Anshuman Singh, MD & CEO, Future Supply Chain.

The merger will enable FSC to address the frozen, chilled and cold warehousing requirements coupled with the refrigerated container transportation requirements across the country.

Brattle Food located in Delhi was started in 2009 by Harvard graduates Kunal Agrawal, Mrinal Sinha and Kiran Pendri. The supply chain major is the second-largest player in the food logistics segment after Snowman Logistics.

This merger and acquisition will create immediate capability to serve Future Group's recently set up 110-acre food park on the outskirts of Bangalore and the two planned projects in West Bengal and Madhya Pradesh.