Choppies, Sefalana turf wars resurface

Wednesday, July 13, 2016

Three years after engaging in a bitter acquisition battle that ended up at the courts of law, sworn rivals in the Fast Moving Consumer Goods (FMCG) cut-throat industry, Sefalana Holdings and Choppies are at it again.

This time around, a deal that Choppies CEO, Ramachandran Ottapathu is pursuing in his personal capacity has emerged as the eye of a storm that has reignited the fresh battle with competitor, Sefalana Holdings.

On Monday, Sefalana Holdings implored the Competition Authority (CA) to block a transaction in which Ottapathu seeks to buy four local companies, two of which are suppliers to the former.

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Choppies, Sefalana turf wars resurface

Three years after engaging in a bitter acquisition battle that ended up at the courts of law, sworn rivals in the Fast Moving Consumer Goods (FMCG) cut-throat industry, Sefalana Holdings and Choppies are at it again.