date:Dec 05, 2018
Multi-national has acquired the Health Food Drinks portfolio of GlaxoSmithKline (GSK) in a 3.1 billion deal that significantly boosts its presence in India.
The portfolio includes iconic brands including malted hot drink Horlicks and Boost. 90% of the turnover of the acquired business is in India.
Unilever said the deal is part of a wider strategy to boost its presence in health-food categories and grow its footprint in high-growth emerging markets.
The acquired portfolio has a long history i