Hindustan Foods (HFL) has completed the acquisition of 100% Equity Share Capital of Reckitt Benckiser Scholl India (RBSIPL) for a cash consideration of Rs 74.89 crore as per the terms and conditions of the SPA dated Jan 24, 2022 including amendments thereof (if any) entered between the Company and Reckitt Benckiser (India) (Sellers).
Post completion of aforesaid acquisition, RBSIPL has become a wholly-owned Subsidiary of the Company with effect from July 1, 2022. This acquisition marks an entry of HFL into the new segment of manufacturing of OTC Healthcare and Wellness Products which is very fast growing and attractive as consumers are increasingly becoming more aware about preventive healthcare solutions for their wellbeing.
HFL specializes in setting up one-stop contract manufacturing solutions and the ability to consistently deliver quality products.
