• About
  • Contact
Monday, January 18, 2021
Next Big Brand
  • .
  • News
  • Internet
  • Startup
  • OTT
  • Agency
  • Industries
  • FMCG
  • Automobile
  • Retail
  • Tech
  • Case Study
  • Interview
No Result
View All Result
Next Big Brand
Home FMCG

HUL Completes Merger With GSK- Parent Company of Horlicks & Boost

Pritish raj by Pritish raj
April 2, 2020
in FMCG, News
2 min read
0
HUL GSK Merger- Next Big Brand

HUL GSK Merger- Next Big Brand

Share on FacebookShare on Twitter
  • Horlicks, Boost will now be provided by the products Dove, Pears, and Lipton, among others as the merger of GlaxoSmithKline Consumer Healthcare Limited (GSK) with HUL was completed.
  • They announced the merger in December 2018. “This is one of the FMCG sector’s biggest deals in recent times, and will result in substantial value development for all stakeholders,” said HUL in the release.

Famous milk supplement products Horlicks, Boost will now be provided by the products Dove, Pears, and Lipton, among others as the merger of GlaxoSmithKline Consumer Healthcare Limited (GSK) with HUL was completed.

Popular milk substitute brands Horlicks, Boost will now be carried by the brands’ Dove, Pears, and Lipton, among others as the merger with HUL has been completed by GlaxoSmithKline Consumer Healthcare Limited. FMCG major Hindustan Unilever Limited today announced it has completed the GSKCH merger successfully.

They announced the merger in December 2018. “This is one of the FMCG sector’s biggest deals in recent times, and will result in substantial value development for all stakeholders,” said HUL in the release. British-Dutch major’s Indian subsidiary has purchased Horlicks Brand from GSK for Rs 3.045 crore for India. GSKCH also has under its portfolio Raise, Maltova and Viva which will now both fall under HUL.

Horlicks- Next Big Brand
Horlicks is one of the signature brands of GSK.
Source- Telegraph.

“The merger provides us with a unique opportunity to live our mission and serve India, where nutritional problems are the major causes of disease — malnutrition and micronutrient deficiency — and align well with the ambitious Swasth Bharat and Poshan Abhiyan programs of the government,”

Horlicks has approximately half the share of the staple nutrition segment’s amount. In the 1930s the company was introduced to India. HUL and GSK have a consignment distribution agreement to sell GSK Branded Healthcare family products into India. HUL will use its network of distribution to sell products like GSK’s Eno, Crocin, Sensodyne.

During the last financial year, the company of GlaxoSmithKline Consumer Healthcare Limited had a turnover of Rs 45 billion and the main contribution to this was through the brands Horlicks and Boost. “GlaxoSmithKline Consumer Healthcare Limited’s merger with HUL has been based on an exchange ratio of 4.39 HUL shares for each share of GlaxoSmithKline Consumer Healthcare Limited,” the firm said. The current holding of Unilever in HUL now stands at 61.9% from the previous 67.2%.

Recently, Hindustan Unilever Limited (HUL) said it had signed an agreement with Glenmark Pharmaceuticals Ltd to acquire VWash, its intimate grooming brand.

The deal includes the acquisition of intellectual property rights including trademarks, design, and know-how related to the VWash brand, which was launched in 2013 and is the market leader in the category of female intimate hygiene.

Previous Post

YouTube Stars Bhuvan, Ashish & Amit Donate Money To Fight Corona

Next Post

Zomato Launches Grocery Delivery Service Market For Selected Cities

Pritish raj

Pritish raj

Pritish Raj is a content writer at Next Big Brand. Hailing from the diversified state of Bihar, he is an engineer by education who chooses the way of poetry, photography, and writing to kick off his career. Highly enthusiastic about brands and startups, he aims to be a travel content creator.

Related Posts

Under Pressure WhatsApp Delays its Controversial New Policy Update
News

Under Pressure WhatsApp Delays its Controversial New Policy Update

January 16, 2021
IndiaMart Market Cap Hits $3 Billion
News

IndiaMart Market Cap Hits $3 Billion

January 15, 2021
Digit Insurance Becomes the first Unicorn of 2021 with a total valuation of $1.9 Billion
News

Digit Insurance Becomes the first Unicorn of 2021 with a total valuation of $1.9 Billion

January 15, 2021
Trump Administration Blacklists Smartphone Giant Xiaomi and other 10 Chinese Companies
News

Trump Administration Blacklists Smartphone Giant Xiaomi and other 10 Chinese Companies

January 15, 2021
Rise of Regional OTT Platforms in India during the Pandemic Time
News

Rise of Regional OTT Platforms in India during the Pandemic Time

January 15, 2021
Ex-Star India Chairman Uday Shankar Joins Lupa Systems CEO for New Venture
News

Ex-Star India Chairman Uday Shankar Joins Lupa Systems CEO for New Venture

January 14, 2021
Next Post
Zomato Liqour Delivery Market Protest- next Big Brand

Zomato Launches Grocery Delivery Service Market For Selected Cities

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

RECOMMENDED NEWS

listen on spotify

Spotify Knows Something You Don’t: Podcast is the Future!

2 years ago
Soft Drink Brand India- Next Big Brand

Sprite Is Most Selling Soft Drink Brand Of India Followed By Thums Up & Pepsi

9 months ago
virat kohli

King Kohli: The Virat Brand

2 years ago
mobikwik

MobiKwik Pairs With ICICI to Offer Instant Life Insurance For Rs. 20

2 years ago

FOLLOW US

  • 22.2k Fans

BROWSE BY TOPICS

2018 League amazon Amazon Great Indian Sale Amazon Prime Apple Apple Inc Automobile Industry Balinese Culture Bali United Budget Travel Champions League Chopper Bike Doctor Terawan facebook Facebook app future group hotstar Indian OTT Platforms Indian Smartphone Market Istana Negara Jio Market Stories Maruti Suzuki National Exam Netflix Netflix India Netflix Originals oppo OTT OYO Realme Reliance Industries Limited Reliance Jio RIL Samsung Tata Motors Tiktok TikTok India TikTok Videos Visit Bali Vivo whatsapp Xiaomi Xiaomi India YouTube
Next Big Brand

We Talk About Brands

Follow us on social media:

Recent News

  • Lava Mobiles: Planning a Strong Comeback in the Smartphone Industry
  • Under Pressure WhatsApp Delays its Controversial New Policy Update
  • IndiaMart Market Cap Hits $3 Billion

Instagram

Follow Me!

Latest News

Lava Mobiles: Planning a Strong Comeback in the Smartphone Industry

Lava Mobiles: Planning a Strong Comeback in the Smartphone Industry

January 17, 2021
Under Pressure WhatsApp Delays its Controversial New Policy Update

Under Pressure WhatsApp Delays its Controversial New Policy Update

January 16, 2021
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • DMCA Policy
  • Our Team
  • Contact Us
  • Sitemap

© 2019 NBB. All Rights Reserved.

No Result
View All Result
  • .
  • News
  • Internet
  • Startup
  • OTT
  • Agency
  • Industries
  • FMCG
  • Automobile
  • Retail
  • Tech
  • Case Study
  • Interview

© 2019 NBB. All Rights Reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.