Hindustan Foods' (HFL) Wholly Owned Subsidiary -- KNS Shoetech (KNS) has executed a Business Transfer Agreement (BTA) on December 29, 2023 with KNS Trading (KTPL) and its promoter for acquisition of manufacturing facility of KTPL situated at Plot No. 427, EPIP Sector 53, HSIIDC, Kundli, Sonipat, Haryana that is engaged in manufacturing of Sports Shoes Components (Undertaking) on a slump sale and going concern basis. Subject to fulfilment of the conditions precedent set out under BTA, the acquisition of the Sale Business is expected to be completed by 4th Quarter of FY 2023-24.
Hindustan Foods specializes in setting up one-stop contract manufacturing solutions and the ability to consistently deliver quality products.
