Hindustan Foods (HFL) has executed Business Transfer Agreement (BTA) for acquisition of Reckitt Benckiser Health India’s (Reckitt) manufacturing facility in village Sandholi, Baddi, Himachal Pradesh (Undertaking) as a move to further expand its Health Care & Wellness division. Subject to fulfilment of the conditions precedent set out under BTA, the transfer of the Undertaking is expected to be completed by H2 of calendar year 2023.
Upon completion, this acquisition will further enhance the company’s offerings in the OTC Healthcare and Wellness segment. The manufacturing facility is into manufacturing of vast variety of OTC health and wellness products and skin creams including some of Reckitt’s key products. It is a state?of?the?art facility with modern equipment and machinery and at par with global standards and adheres to the US FDA & MHRA, Russia GMP norms.
HFL specializes in setting up one-stop contract manufacturing solutions and the ability to consistently deliver quality products.
