Cadila Healthcare has signed (jointly with Zydus Wellness) the Definitive Agreements to acquire the subsidiary of Kraft Heinz, Heinz India. This will include the brands Complan, Glucon D, Nycil and Sampriti Ghee, two large manufacturing facilities in Aligarh and Sitarganj and teams devoted to operations, research, sales, marketing and support.
With this acquisition, the turnover of the consumer business surges to over Rs. 1700 crore making it one of the strongest players in the fast growing consumer healthcare market. The transaction is proposed to be financed by a mix of equity and debt. Select leading private equity firms have committed to partnering the transaction by way of equity support. The transaction is expected to be EPS accretive.
This will be the second acquisition for Zydus Wellness following the acquisition of Nutralite in 2006.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
