Hindustan Foods Ltd completes acquisition of facility of Reckitt

Hindustan Foods Limited ("HFL" or "the Company") has completed today i.e. December 16, 2023, the acquisition of Manufacturing facility of Reckitt Benckiser Healthcare India Private Limited ("Reckitt") situated at Khasra No. 701/534, Vill Sandholi Baddi, Nalagarh Road, P.O. Baddi,Tehsil Nalagarh, Distt Solan- 173205, Himachal Pradesh, India for a final cash consideration of Rs. 127.75 Crore (Rupees One Hundred Twenty Seven Crore and Seventy Five Lakh Only), as per the terms and conditions of the said BTA dated December 15, 2022 including amendments thereof (if any) entered between the Company and Reckitt.

This acquisition marks an entry of HFL into the segment of manufacturing and expansion of its business into various Pharmaceutical and Non-Pharmaceutical products and vast variety of OTC health and wellness products and skin creams.

Source : Equity Bulls

Keywords

HindustanFoods Acquisition Complete ReckittBenckiserHealthcareIndia ManufacturingFacility Pharmaceutical NonPharma OTC Wellness SkinCream