The project is the fifth under the HFL banner in FY22
Mumbai-based FMCG contract and private label brand manufacturer Hindustan Foods Limited (HFL) has signed a Share Purchase Agreement with Reckitt Benckiser India to acquire the entire issued Share Capital of Reckitt Benckiser Scholl India Private Limited (RBSIPL). This marks HFL’s entry into fast growing OTC Healthcare and Wellness segment as a contract manufacturer.
The factory is an Export Oriented Unit inter alia into manufacturing and supply of foot care products. All employees of the factory will be retained and HFL is expected to leverage the potential by expanding site utilisation and capacities and thus increase the share of business for foot care products worldwide from this site.
The project is the fifth under the HFL banner in FY22. Earlier this year, HFL invested in a Greenfield ice creams project in UP, a detergent bars and bath soaps plant in Hyderabad, a sports shoes manufacturing factory in Chennai, and a surface cleaning liquid products plant in Silvassa.