Hindustan Foods’ wholly owned subsidiary -- KNS Shoetech (KNS) has completed the acquisition of Manufacturing facility situated at HSIIDC, Haryana, India with KNS Trading (KTPL), for a final cash consideration of Rs 31.08 crore, as per the terms and conditions of the said Business Transfer Agreement (BTA) dated December 29, 2023 including amendments thereof (if any) entered between the KNS and KTPL.
The acquisition of the undertaking by KNS is in line with the company’s strategy to enter Contract Manufacturing and expansion of its business into Sneakers, Sports Shoes and its components.
Hindustan Foods specializes in setting up one-stop contract manufacturing solutions and the ability to consistently deliver quality products.
