Hindustan Unilever acquires hygiene brand VWash from Glenmark Pharma

Glenmark will manufacture VWash for HUL over the next one year after which the production arrangement would be reviewed

Consumer goods major Hindustan Unilever (HUL) on Monday announced the acquisition of intimate hygiene brand VWash from Glenmark Pharmaceuticals for an undisclosed sum.
 

The deal would include an upfront cash payment and a staggered payout over the next three years, HUL's chief financial officer Srinivas Phatak said in a conference call on Monday.
 

The acquisition, which includes intellectual property, trademark and design of the brand, would be completed in two months, said Phatak. It was in line with HUL's strategy of filling gaps within its beauty and personal care portfolio, he said.
 

“The acquisition gives us a presence in the