Beauty and wellness firm VLCC steps into new business by acquiring Wellscience, a Gurgaon-based nutraceutical products maker. Wellscience offers nutraceutical supplements and personal care products and has a direct selling network of over 35,000 associates.
The company would sell ayurvedic and herbal products under the new brand VLCC Wellscience. However, VLCC has not disclosed the deal amount.
VLCC Group Chairman Mukesh Luthra said: "VLCC is now further extending its presence in the high-growth Fast Moving Healthcare Goods (FMHG) segment, with its foray into the nutraceuticals and cosmeceuticals segment, and retailing these products through the direct selling channel."