Unilever PLC's biggest nutritional business bite yet, an agreement to acquire GlaxoSmithKline PLC's Horlicks and other health food drink brands marketed in India, Bangladesh and other Asian markets, also brings its biggest challenge in the space.
Horlicks Brings Unilever 'Transformative' Nutritional Deal, Market Challenges
Firm's Hindustan Unilever division will merge with s GSK Consumer Healthcare India which has had total sales around €550m so far in 2018, primarily through the Horlicks and Boost brands and with nearly 90% of the revenues in India. Also will acquire 82% stake in GSK Bangladesh and other GSK commercial operations and assets outside India, paying €3.3bn in combination of cash and shares in Hindustan Unilever.
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