Hindustan Foods (HFL) has completed the acquisition of Manufacturing facility of Reckitt situated at Khasra No. 701/534, Vill Sandholi Baddi, Nalagarh Road, P.O. Baddi,Tehsil Nalagarh, Distt Solan, Himachal Pradesh, India for a final cash consideration of Rs 127.75 crore, as per the terms and conditions of the said Business Transfer Agreement (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.
Hindustan Foods specializes in setting up one-stop contract manufacturing solutions and the ability to consistently deliver quality products.
