New Delhi, March 23 FMCG contract manufacturer Hindustan Foods Ltd announced on Monday the acquisition of the ayurvedic, herbal beauty care and cosmetic products facility of Ultra Beauty Care Pvt Ltd in Maharashtra for ₹19.9 crore.
The company has executed a Business Transfer Agreement (BTA) with Ultra Beauty Care Pvt Ltd and its authorized representatives on March 23, 2026, for the acquisition of the business undertaking at C-15, Five Star Industrial Area MIDC Shendra, Aurangabad, Maharashtra, Hindustan Foods Ltd (HFL) said in a regulatory filing.
The acquisition is in line with HFL's strategy to enter contract manufacturing and expand its business into a comprehensive range of ayurvedic, herbal beauty care and cosmetic products, it added.
The company identified the facility as a suitable acquisition target because it is involved in the contract manufacturing of a comprehensive range of ayurvedic, herbal beauty care and cosmetic products.
Regarding the value of the acquisition, HFL said that it will be acquired for a cash consideration of ₹19.9 crore, subject to certain customary adjustments in accordance with the terms and conditions set out in the BTA.
The acquisition is expected to be completed by the first quarter of 2026-27, subject to the fulfillment of the condition in the BTA, the filing said.
