Why did GSK sell Horlicks to Hul?
GSK brands like Horlicks, Boost, Maltova and Viva have come to HUL’s portfolio as part of the merger. Horlicks, that controls over half the malted beverages category, will help HUL’s focus to build a profitable and sustainable nutrition business in India, added the statement.
Why did Hul acquire GSK?
“The merger gives us a unique opportunity to live our purpose and serve India where Nutrition related challenges form the largest causes of disease– malnutrition and micronutrient deficiency – and aligns well with the Government’s ambitious Swasth Bharat and Poshan Abhiyan programs,” Sanjiv Mehta, Chairman and Managing …
Why did Hul acquired Horlicks?
According to the company, the merger is in line with HUL’s strategy to build a sustainable and profitable foods and refreshment (F&R) business in India by leveraging the mega trend of health and wellness.
When did Hul acquire Horlicks?
December 3, 2018
On December 3, 2018, Anglo-Dutch FMCG giant Unilever announced the acquisition of health food portfolio, including popular brands Horlicks and Boost, from GSKCH India and over 20 other markets for 3.1 billion pounds (about Rs 27,750 crore).
Is GSK part of HUL?
NEW DELHI : Hindustan Unilever Ltd (HUL) has completed the merger of GlaxoSmithKline Consumer Healthcare Limited (GSKCH) with itself, over a year after the Rs31,700 crore mega-deal was first announced. Under the deal, HUL will distribute GSK’s brands like Eno, Crocin, Sensodyne etc in the country.
Is Horlicks a GSK?
GSK today announced the completion of its divestment of Horlicks and other Consumer Healthcare nutrition products in India to Unilever, including the merger of its Indian listed entity, GlaxoSmithKline Consumer Healthcare Limited (“GSK India”), and Hindustan Unilever Limited (“HUL”).
Is Horlicks owned by GSK?
Who bought Horlicks?
Hindustan Unilever Ltd
HUL-GSK merger complete, FMCG giant buys Horlicks brand for ₹3,045 crore. NEW DELHI : Hindustan Unilever Ltd (HUL) has completed the merger of GlaxoSmithKline Consumer Healthcare Limited (GSKCH) with itself, over a year after the Rs31,700 crore mega-deal was first announced.
When did HUL acquired GSK?
Hindustan Unilever (HUL) said that it had acquired the Horlicks brand from GlaxoSmithKline Consumer Healthcare (GSK CH) for Rs 3,045 crore. HUL had on December 3, 2018 announced its decision to merge GSK CH India in a deal that valued the latter at Rs 31,700 crore.