Hindustan Foods Acquires Beauty Care Manufacturing Business
Filing Summary
Hindustan Foods Limited (HFL) has entered into a Business Transfer Agreement to acquire the business undertaking of Ultra Beauty Care Private Limited. The acquisition involves a facility in Aurangabad, Maharashtra, focused on manufacturing ayurvedic, herbal, beauty care, and cosmetic products. The transaction will be executed on a slump sale and going concern basis, with completion expected by Q1 FY 2026-27. This acquisition aligns with HFL’s strategy to expand in the beauty and personal care segment and leverage proximity to Mumbai Port for export opportunities.
Hindustan Foods Limited (HFL) has announced the acquisition of the business undertaking of M/s. Ultra Beauty Care Private Limited. The acquisition involves a facility located in Aurangabad, Maharashtra, which specializes in the contract manufacturing of ayurvedic, herbal, beauty care, and cosmetic products. The transaction will be executed on a slump sale and going concern basis, subject to the fulfillment of certain conditions outlined in the Business Transfer Agreement (BTA).
The financial terms of the acquisition have not been disclosed in the filing. The transaction is structured as a slump sale, which involves the transfer of a business undertaking as a going concern for a lump sum consideration. This structure is intended to facilitate a seamless transition of operations and assets.
The Aurangabad facility manufactures products for large FMCG companies and certain direct-to-consumer (D2C) players in the beauty and cosmetic segment. The facility is built on a total land area of 6 acres. HFL plans to utilize the spare land and existing infrastructure to establish a beverage manufacturing facility. This initiative aims to enhance operational efficiency and optimize resource utilization.
The acquisition is part of HFL’s strategy to expand its presence in the fast-growing beauty and personal care segment. The proximity of the Aurangabad facility to Mumbai Port is expected to position HFL as a potential manufacturing partner for the export of beauty and personal care products. The company aims to attract customers seeking smaller and flexible production runs for new product launches and existing brands.
The completion of the acquisition is anticipated by the first quarter of FY 2026-27. The transaction is subject to the fulfillment of conditions precedent as outlined in the BTA. The acquisition aligns with HFL’s growth strategy and its focus on expanding its footprint in the beauty and personal care market.
Hindustan Foods Limited was founded in 1984 and offers dedicated and shared manufacturing services to FMCG corporates. The company has diversified its manufacturing competencies across various FMCG categories, including food and beverages, home care, fabric care, beauty and personal care, wellness and OTC pharma, leather and sports footwear, and household insecticides. HFL is part of the Vanity Case Group, which acquired a controlling stake in 2013, further diversifying its operations across multiple FMCG segments.