Hotline: 1800 102 2007
Hotline: 1800 102 2007
Dec, 04 2018

Unilever signs deal to acquire GSK's health food drinks portfolio

This acquisition is in line with Unilever's stated strategy of increasing its presence in the health food categories and in high-growth emerging markets.

Unilever signs deal to acquire GSK's health food drinks portfolio

Unilever has signed a deal to buy GlaxoSmithKline's (GSK) health food drinks (HFD) portfolio in India, Bangladesh and 20 other predominantly Asian markets. This acquisition is in line with Unilever's stated strategy of increasing its presence in the health food categories and in high-growth emerging markets.

The health food drinks portfolio of GSK had delivered a total turnover of about 550 million Euro, primarily through the Horlicks and Boost brands, in 2018.

Nitin Paranjpe, President (food and refreshment), Unilever, said, "We are delighted to be acquiring the GSK Health Food Drinks portfolio. The iconic Horlicks brand has a deep heritage, credibility and resonance around the world."

"The acquisition is transformative for our foods and refreshment business, allowing us to enter the health food drink category, further strengthening our position in health and wellness. It is rare to be able to acquire brands with such leading market positions and fantastic consumer equity in one of the world's most exciting and fast-growing markets," he added.

Sanjiv Mehta, Chairman and Chief Executive Officer, HUL, said, "With this strategic merger of HUL and GSK Consumer Healthcare India Limited, we will be expanding our portfolio through great brands into a new category catering to the nutritional needs of our consumers."

"I am confident that this merger will create significant shareholder value through both revenue and cost synergies. The turnover of our foods and refreshments business will now exceed Rs 100 billion, and we will become one of the largest F&R businesses in the country. We look forward to welcoming new brands and great talent into the Unilever and HUL family, once the transaction is complete," Mehta further stated.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Others Food Service
    About Us: Tempteys is India's first dedicated Cold beverage cafe serving..
    Locations looking for expansion Delhi
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Juices / Smoothies / Dairy Parlors
    About Us: Introducing a premium quality Italian milkshake and ice cream brand..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Fine Dine Restaurants
    About Us: Located in Andheri, The newest eatery to make its way..
    Locations looking for expansion Maharashtra
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 2000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • HR & Recruitment
    About Us: Jobjabs is the pioneer of organized recruitment services in..
    Locations looking for expansion Uttar pradesh
    Establishment year 2010
    Franchising Launch Date 2016
    Investment size Rs. 50000 - 2lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Noida Uttar pradesh
Insta-Subscribe to
Entrepreneur
Magazine
sme-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities