India: Marico to acquire snacking brand 4700BC
Marico, the Indian FMCG giant best known for its Saffola and Parachute brands, has entered into a definitive agreement to acquire a majority stake in Zea Maize Pvt Ltd, the owner of the snacking brand 4700BC. The transaction will see Marico purchase a 53.48% stake in the company for an aggregate consideration of 226.8 crore […]
India: Milky Mist invests $134 million in Maharashtra expansion
Milky Mist, the Indian dairy products manufacturer, has signed a Memorandum of Understanding (MoU) with the Government of Maharashtra to establish a new processing facility in the state with an investment of 1,130 crore INR ($134 million). The agreement, formalised at the World Economic Forum in Davos, will see the company construct a large-scale plant […]
India: L’Oreal to establish beauty tech hub
L’Oreal, the French cosmetics giant, has announced plans to establish a new “beauty tech hub” in Hyderabad, India, with an initial investment of over $383 million. The new facility, described as the company’s first global beauty tech innovation hub powered by artificial intelligence, is scheduled to open in November 2026. According to the company, the […]
Australia: Lactalis to close historic South Brisbane factory
Lactalis, the French dairy giant, has announced plans to shutter its manufacturing facility in South Brisbane, Australia, impacting approximately 202 employees. The historic site, which produces brands including Pauls, Ice Break, and Vaalia, is scheduled to cease operations in July. According to the company, production volumes will be transferred to its facility in Nambour on […]
India: RCPL acquires global rights to Unilever personal care brands
Reliance Consumer Products (RCPL), the FMCG subsidiary of Reliance Industries, has acquired the global rights to a portfolio of heritage personal care brands, including Brylcreem, Toni & Guy, Badedas, and Matey, from global peer Unilever. The acquisition, disclosed alongside the company’s quarterly results, grants Reliance ownership of the brands worldwide, with “a few territories excluded”. […]
India: Allied Blenders acquires distillery assets
Allied Blenders & Distillers (ABD), the Indian spirits manufacturer best known for its Officer’s Choice whisky, has approved the acquisition of production assets from National Industrial Corporation (NICOL) in a deal valued at up to 110 crore ($12.1 million). The transaction, cleared by the company’s board on 16th January, involves the purchase of land, buildings, […]
Australia: Reliance Consumer Products to acquire majority stake in Nexba
Reliance Consumer Products Limited (RCPL), the FMCG arm of the Indian conglomerate Reliance Industries, has reached an agreement to acquire a controlling 75% stake in Goodness Group Global, the Australian parent company of functional drinks brand Nexba. The deal is valued at approximately A$25.4 million ($16.6 million), according to documents shared with the company’s crowdfunding […]
Indonesia: Unilever to divest tea business for $89 million
Unilever Indonesia, the local arm of the British consumer goods giant, has reached an agreement to sell its tea business to PT Savoria Kreasi Rasa, a subsidiary of the Indonesian conglomerate Djarum Group. The deal, valued at 1.5 trillion IDR ($89.4 million), includes the divestment of the SariWangi brand, which Unilever originally acquired in 1989. […]
Sweden: Gabit enters supplement market with Nack acquisition
Gabit, the Indian health technology and longevity startup, has expanded its wellness ecosystem into the nutrition sector through the acquisition of Swedish brand Nack for an undisclosed sum. The deal allows Gurugram-based Gabit, which is best known for its titanium smart ring that monitors more than 150 health markers, to integrate Nack’s science-led supplement portfolio […]
India: Reliance strengthens staples portfolio with Udhaiyam acquisition
Reliance Consumer Products Limited (RCPL), the fast-moving consumer goods arm of Reliance Industries, has acquired a majority stake in the Tamil Nadu-based food firm Udhaiyam. Operating under its namesake brand, the Chennai-based company has a history spanning over three decades and is estimated to be a 6.68 billion INR ($80 million) business. Its portfolio includes […]