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Hindustan Foods plans merger to expand manufacturing footprint in Nashik

24 Sep 2024 Evaluate

Hindustan Foods is planning to merge a promoter?owned entity to further expand its manufacturing footprint to Nashik, Maharashtra. The said unit is owned by Avalon Cosmetics (ACPL), a promoter owned company and is located in Sinnar MIDC, Nashik. 

ACPL acquired this factory from Smith & Nephew, an Indo?German joint venture, in 2007?08. The facility, situated on 16 acres of land in MIDC, Sinnar, with over 100,000 square feet of built?up area, is a food manufacturing plant, producing nearly 5,000 tons of soups, meal?makers, energy beverages and other dry powder products annually, serving various FMCG companies in India. To facilitate business consolidation and leverage recent developments, the Board of Directors in a meeting held on September 24, 2024 decided to demerge ACPL's Nashik plant into Hindustan Foods.  

Hindustan Foods specializes in setting up one-stop contract manufacturing solutions and the ability to consistently deliver quality products.


Hindustan Foods Share Price

494.80 -14.35 (-2.82%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Grasim Industries 2757.45
DCM Shriram 1198.95
3M India 31427.05
Hindustan Foods 494.80
Balmer Lawrie & Co 177.15
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