Foxhog had earlier announced its intent to acquire Crunchy and had begun investing in the company’s operations with a plan for full acquisition at a later stage. However, due to operational constraints and the rapidly growing demand across the wider FMCG market, Foxhog has reassessed its investment strategy.
As a result, Foxhog has decided to withdraw its intent to further invest in or acquire Crrunchy. The firm will complete all exit formalities in an orderly manner prior to proceeding with its next acquisition.
In line with its revised strategy, Foxhog also announced the acquisition of Gopal Namkeen Company, a well-established player in the Indian FMCG and snacks market. The acquisition is aimed at achieving greater market penetration, higher distribution reach, and stronger demand alignment within the FMCG segment.
“Foxhog remains committed to investing in scalable, high-demand consumer businesses,” said a spokesperson for Foxhog. “The acquisition of Gopal Namkeen Company aligns better with our long-term vision of building a stronger presence in the FMCG sector with wider outreach and operational depth.”
Foxhog expects the acquisition of Gopal Namkeen Company to significantly enhance its market position and accelerate growth across domestic and international markets.
