India: Reliance Consumer Products acquires Velvette
Reliance Consumer Products, the FMCG arm of Indian retail major Reliance Retail Ventures, has announced the acquisition of personal care brand Velvette. Founded in 1980 as a brand of Sujatha Biotech, the Velvette brand is described as being the first to introduce PVC shampoo sachets. The brand’s manufacturing unit is in Kashipur, Uttarakhand. Commenting on the move, […]
India: Bajaj Consumer Care acquires Vishal Personal Care
Bajaj Consumer Care, a leading Indian hair care manufacturer, has announced the acquisition of Vishal Personal Care, which operates under the Banjara’s hair and skincare brand, for 108.3 crore INR ($13 million). Founded in 1991 in Hyderabad, Banjara is known for its natural solutions with a product portfolio that includes facial kits, herbal powders, and shampoos and […]
India: Amul to set up world’s largest curd plant in Kolkata
GCMMF, India’s biggest dairy cooperative, has announced plans to build the world’s largest curd manufacturing plant in Kolkata with an investment of 600 crore INR ($66 million). GCMMF, which sells dairy products under the Amul brand, is the world’s biggest farmer-owned dairy cooperative, with 3.6 million farmers in 18,600 Gujarat villages. It collects 30 million […]
India: ITC acquires Prasuma to expand in frozen foods
ITC, the Indian conglomerate, has announced that it has entered into an agreement to acquire Prasuma, a leading player in frozen, chilled and ready to cook foods, over a period of three years. Prasuma is described as a specialist in Oriental cuisine offering a diverse range of over 170+ products under the Prasuma, Meatigo and […]
India: Adani Wilmar starts operations at Haryana food processing plant
India-based food firm Adani Wilmar has started operations at its new food processing plant in Gohana, Haryana, with an initial shipment of 100 tonnes of rice. Spanning 85 acres and built with an investment of INR 1,298 crore ($149 million), the facility reportedly features advanced technology and is projected to produce 627,000 tons annually, including 200,000 […]
China: PepsiCo to build Quaker oats plant in Jiangsu
PepsiCo, the global snacks and drinks giant, has announced plans to build a Quaker Oats production facility in China in collaboration with Jiangsu Rilong Food. Involving an investment of 500 million CNY ($68.6 million), the plant will cover an area of 100,000 sq m and deliver up to 160,000 tonnes of cereal annually. Commenting on the move, […]
Australia: Nestle to invest A$30 million to upgrade KitKat factory
Nestle, the Swiss consumer goods giant, has announced an investment of A$30 million ($18.9 million) in digital technology and artificial intelligence (AI) at its Campbellfield factory in the Australian state of Victoria to upgrade manufacturing operations and support increased production capacity, especially for KitKat chocolate wafers. Commenting on the move, Nestle general manager confectionery Andrew Lawrey […]
India: Hatsun Agro acquires Milk Mantra
Hatsun Agro (HAP), a dairy products manufacturer, has announced the acquisition of Indian peer Milk Mantra for 233 crore INR ($27.5 million). Milk Mantra manufactures milk and dairy products under the Milky Moo brand, and has reportedly established a strong presence in the state of Odisha. The company’s turnover for the financial year 2023-24 was […]
India: Hindustan Unilever acquires beauty brand Minimalist
Hindustan Unilever (HUL), the Indian arm of Anglo-Dutch multinational Unilever, has entered into a definitive agreement to acquire a 90.5% stake in beauty brand Minimalist for 2,955 crore INR ($354.6 million), with plans to acquire the remaining stake in two years. Founded in 2020, Minimalist is described as a rapidly growing digital-first beauty brand offering […]
India: Reliance Consumer Products acquires SIL brand
Reliance Consumer Products, the FMCG arm of Indian retail major Reliance Retail Ventures, has announced the acquisition of SIL Foods, a packaged food brand, from hospitality firm Food Service India. SIL Foods, once James Smith & Co, is a leading Indian brand offering jams, mayonnaise, baked beans and more. It was acquired by Marico in […]