- Hindustan Unilever (HUL), India’s largest fast-moving consumer goods (FMCG) company, has completed the merger of Glaxo SmithKline Consumer Healthcare Limited (GSKCH India)with itself.
Key Points:
- This merger, announced on December 3, 2018,is one of the biggest deals in the FMCG field and it will result in better value creation for all stakeholders of the firm.
- Following the merger, GSKCH’s other brands such as Boost, Maltova and Viva will be HUL’s brand portfolio.
- Apart from this merger, HUL has also acquired the famous health drink brand Horlicks for India from GSK for an amount of 375.6 mln Euro (Rs. 3045 Crore).
- The merger is a part of HUL’s aim to build a sustainable and profitable foods and refreshment (F&R) business in India by increasing the big trend of health and wellness.
