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LT Foods' subsidiary, LT Foods Americas, has acquired a 51% stake in rice company Golden Star Trading, for an undisclosed sum. The acquisition includes the Golden Star brand, which produces speciality rice such as jasmine, calrose and basmati, as well as rice bowls. The investment is in line with LT Foods' long-term growth distribution plan, which looks to expand its presence in the speciality rice market across North America. Mr. Ashwani Kumar Arora, managing director and CEO of LT Foods, said: "The acquisition of the Golden Star business is an excellent fit and is consistent with our strategic plan to expand our product offerings across geographies. We are all impressed by Golden Star's brand growth trajectory and the execution, and operational excellence, to produce consistent quality products and expand its reach." LT Foods Americas plans to acquire the remaining 49% stake in the company after three years.