Unilever, the Anglo-Dutch consumer goods giant, has announced the completion of the merge between GSK Consumer Healthcare (GSK India) and its Indian Affiliate, Hindustan Unilever Limited (HUL). The deal, previously announced in December 2018, was subject to legal and regulatory approvals, which are now secured. In addition to this merge, HUL will acquire the Horlicks Brand in India to GSK for $404.59 million. Brian McNamara, CEO of GSK Consumer Healthcare, …
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British FMCG and pharmaceutical firm GlaxoSmithKline has announced its intention to sell its Horlicks brand of hot drinks in the UK, together with its MaxiNutrition business. The sale is reportedly part of the company’s strategy of focusing on its pharmaceutical business, which accounts for £16.1 billion ($20.1 billion) in annual sales. Horlicks was originally acquired by GlaxoSmithKline forerunner SmithKline Beecham in 1969. The malted hot drink is available in Light and …
Suntory Beverage & Food, part of multinational food and beverage giant Suntory, has announced the acquisition of the beverage business of GSK Nigeria for about ¥7 billion ($69 million). The acquisition comes after Suntory acquired UK beverage brands Lucozade and Ribena from GSK in 2013 for $2.1 billion. However, even after this acquisition, licensing agreements meant that, in Nigeria, the brands continued to be manufactured and distributed by GSK. Commenting …
The Ireland-based company Perrigo, the world’s largest manufacturer of OTC products and supplier of infant formulas, has announced a deal through which it will acquire well-known OTC brands from GSK. The acquisitions include the NiQuitin nicotine replacement therapy (NRT) business, primarily in the European Economic Area (EEA) and Brazil; Novartis’s legacy Australian NRT business, including the Nicotinell brand; several assorted OTC brands including Coldrex across the EEA, and Panodil, Nezeril, …
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