Riddhi Siddhi GlucoBiols Limited (RSGBL), a company listed on the Bombay Stock Exchange, has completed the acquisition of a corn wet milling facility and associated assets in Davangere, Karnataka, from Cargill. The transaction follows the Asset Purchase Agreement announced earlier and marks a key step in expanding the company’s manufacturing footprint.
With the completion of the deal, RSGBL has taken ownership of the integrated production site, which includes land, processing infrastructure, warehouses and corn storage silos. The facility, operational since 2016, has an annual processing capacity of approximately 300,000 metric tonnes and is equipped with modern manufacturing capabilities.
The acquisition strengthens RSGBL’s presence in southern India and enhances its ability to serve a broad range of industries, including food processing, pharmaceuticals and industrial applications. The company expects the strategic location of the Davangere plant to improve supply chain efficiency and support both domestic distribution and export operations.
Siddharth Chowdhary, Executive Director of RSGBL, said the completion of the transaction represents an important milestone in the company’s long-term growth plans. He noted that the addition of the facility will expand production capacity and support the company’s focus on innovation and operational efficiency. He also highlighted the company’s commitment to sustainable practices, including the increased adoption of renewable energy at the site.
With over three decades of experience in starch and starch derivatives, RSGBL continues to strengthen its position in the Indian market through capacity expansion and geographic diversification. The acquisition is expected to enable the company to respond more effectively to evolving customer requirements while maintaining consistent product quality.
Dheeraj Talreja, Vice President and Managing Director, Food South Asia at Cargill India, stated that the company is confident the facility will support RSGBL’s continued growth in the starch sector. Cargill has maintained a significant presence in India since 1987, with operations spanning food ingredients, agricultural commodities, industrial products and animal nutrition. The divestment aligns with its broader business priorities while enabling RSGBL to scale its manufacturing capabilities.
The transaction reflects RSGBL’s ongoing focus on identifying and integrating high-value assets to drive long-term growth. By expanding its production base and strengthening its supply chain, the company aims to enhance its competitiveness in both domestic and international markets.
Founded in 1990, RSGBL is engaged in the production of starch and starch derivatives, serving industries such as food, pharmaceuticals, textiles and paper. The company continues to invest in sustainable and value-driven growth initiatives. Cargill is a global provider of food, agricultural and industrial products, operating across multiple markets with a focus on responsible and sustainable business practices.
