• ABOUT
    • Gama
    • Our Network
    • Media
  • PRODUCTS & SERVICES
    • Gama Compass
    • Innovation & Insight Reports
    • Gama Field Services
    • Gama Market Entry
  • CATEGORIES
    • Food
    • Alcoholic Drinks
    • Non-Alcoholic Drinks
    • Household Care
    • Health & Beauty
    • Pet Care
    • Tobacco
  • STORE
  • NEWS & INSIGHTS
    • Global News
    • Insights
    • Magazine
  • EVENTS
  • CONTACT
Latest Tweets
  • Loading tweets...

Follow @@GamaConsumer

  • ABOUT
    • Gama
    • Our Network
    • Media
  • PRODUCTS & SERVICES
    • Gama Compass
    • Innovation & Insight Reports
    • Gama Field Services
    • Gama Market Entry
  • CATEGORIES
    • Food
    • Alcoholic Drinks
    • Non-Alcoholic Drinks
    • Household Care
    • Health & Beauty
    • Pet Care
    • Tobacco
  • STORE
  • NEWS & INSIGHTS
    • Global News
    • Insights
    • Magazine
  • EVENTS
  • CONTACT
1 MIN READ

India: Kraft Heinz to sell brands to Zydus

October 30, 2018
-
Asia Pacific, Food, Mergers & Acquisitions

Multinational food and beverage company Kraft Heinz has annoucned an agreement to sell its India brands to consumer health firm Zydus, the personal care arm of Indian pharmaceutical company Cadila Healthcare, for approximately $625 million on a debt free and cash free basis.

The portfolio of brands includes Complan, Glucon-D, Nycil and Sampriti.

“The sale of this niche business fits into our overall global growth strategy and our focus on investing in and growing brands within our core categories”, commented Bernardo Hees, chief executive of Kraft Heinz. “India continues to be a key market for Kraft Heinz, and in fact, we’re strengthening our commitment to expand and grow our Heinz sauces and Kraft business in India”.

The transaction is expected to close in early 2019.

Source: KraftHeinz (via BusinessWire)

Tags
Cadila Healthcare
Kraft Heinz
Zydus
← PREVIOUS POST
USA: Foster Farms to launch on-the go chicken snack
NEXT POST →
Gama News – September / October 2018

Copyright © 2020. Gama. All rights reserved.      Privacy Policy | Legal Notice

 
India: Kraft Heinz to sell brands to Zydus - Gama