Acquisition of Cargill India’s Davangere corn wet milling facility strengthens Riddhi Siddhi Gluco Biols Ltd. (RSGBL) footprint in the food and pharma segments.
January 2026: Riddhi Siddhi Gluco Biols Ltd. (RSGBL), a publicly listed company on the Bombay Stock Exchange (BSE), has signed an Asset Purchase Agreement (APA) to acquire the assets of Cargill India Pvt. Ltd.’s (CIPL) Starch & Sweeteners business located in Davangere, Karnataka.
The proposed acquisition includes land, manufacturing facilities, warehouses, and corn silos, providing integrated storage infrastructure to support corn wet milling operations. The transaction is subject to the terms and conditions of the APA and the receipt of customary regulatory and statutory approvals.
Operational since 2016, the 52-acre Davangere facility has an annual processing capacity of 300,000 metric tonnes. It manufactures maltodextrin and liquid glucose, along with co-products such as corn germ, corn gluten, and corn fiber.
Commenting on the development, Mr. Siddharth Chowdhary, Executive Director, RSGBL, said:
“We are pleased to have signed the APA to acquire Cargill India’s Davangere corn wet milling assets, including land, warehouses, and corn silos. This acquisition aligns strongly with RSGBL’s long-term growth strategy, enabling us to expand our footprint in the food and pharmaceutical segments and address unmet customer demand. The facility’s strategic location in Karnataka enhances our ability to serve both domestic and export markets competitively. Additionally, our intention to operate the facility using renewable energy sources reflects our long-term commitment to clean energy and sustainable manufacturing.”
With over three decades of experience in starch and starch derivatives, the acquisition further strengthens RSGBL’s leadership position in India’s starch industry by expanding its manufacturing footprint and reinforcing its focus on innovation.
Speaking on the transaction, Mr. Dheeraj Talreja, Vice President & Managing Director, Food South Asia, Cargill India Pvt. Ltd., said:
“We wish RSGBL continued success and are confident that this asset will support their growth as they expand their presence in the starch industry.”
Cargill has been operating in India since 1987 and maintains a pan-India presence across businesses, including refined oils, food ingredients, industrial specialities, grain and oilseeds, cotton, animal nutrition, and trade and capital markets.
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About Riddhi Siddhi Gluco Biols Ltd.
Established in 1990, Riddhi Siddhi Gluco Biols Ltd. (RSGBL) was founded to address India’s growing demand for starch and value-added derivatives through scale, innovation, and reliability. Over the years, the company has emerged as a market leader in India’s starch industry, building a strong global presence and serving customers across food, pharmaceutical, paper, textile, and industrial applications.
RSGBL has evolved into an enterprise grounded in responsible business practices. Sustainability is central to its growth philosophy, with focused investments in renewable energy, water stewardship, and value-accretive initiatives that support long-term shareholder value. By embedding sustainability across its value chain, RSGBL aims to deliver enduring benefits for farmers, customers, communities, and stakeholders, while fostering a resilient, future-ready ecosystem.
About Cargill
Cargill provides food ingredients, agricultural solutions, and industrial products to nourish the world in a safe, responsible, and sustainable manner. Positioned at the heart of the global supply chain, the company partners with farmers and customers to source, make, and deliver products essential to daily life.
With more than 155,000 employees worldwide and over 160 years of experience as a family-owned company, Cargill combines innovation with strong values. The company prioritises people, strives for excellence, and remains committed to doing what is right, today and for generations to come.
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