Hotline: 1800 102 2007
X
Search Business Opportunities
Oct, 28 2017

FMCG Company Hindustan Food To Acquire Reckitt Benckiser

HFL has also entered into a supply agreement on October 26 for supply of pest products

FMCG firm Hindustan Foods (HFL) said it will acquire the pest products manufacturing factory of Reckitt Benckiser India (RB) at Samba, Jammu as a going concern on a slump sale basis. Transfer of the unit from RB to HFL and start of operation by HFL will take approximately two months as HFL is required to complete all legal documentation.

Company said in a BSE filling “HFL is in the process of acquiring the factory as a going concern on a slump sale basis and also the leasehold rights over the factory from the State Industrial Development Corporation (SIDCO, J&K”.

HFL has also entered into a supply agreement on October 26 for supply of pest products to RB which will commence from closing date to be decided by the two parties.

Last December, company took over a Hindustan Unilever enterprise, Ponds Exports Ltd, engaged in leather business.

HFL MD Sameer Kothari said "We are confident of achieving a minimum top line of Rs 125 crore from this acquisition."

Comment
Related opportunities
  • Casual dine Restaurants
    About Us: As the name suggests, Dhadoom is a fun brand..
    Locations looking for expansion Maharashtra
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
  • Vymigrate is one of Australias' Leading Immigration firms providing a..
    Locations looking for expansion Karnataka
    Establishment year 2002
    Franchising Launch Date 2017
    Investment size Rs. 20lac - 30lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Bangalore Urban District Karnataka
  • Competitive Exam Coaching Institute
    About Us: Dr.'s Point and Er.'s Point institutes are  Pioneer in..
    Locations looking for expansion Delhi
    Establishment year 2000
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required 2000
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New delhi Delhi
  •   Partner with SOJANYA - one of the trusted Men’s Ethnic..
    Locations looking for expansion Delhi
    Establishment year 1958
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities