Reliance Consumer to acquire SIL, gears up to challenge HUL, Tata in FMCG

Quick Summary:

This deal is part of RCPL’s broader acquisition strategy, which in recent years has included Ravalgaon and Toffeeman confectioneries, Campa soft drinks, Raskik beverages, Sosyo carbonated drinks, and Lotus chocolates.

Marico later sold the business to Scandic Food India, a subsidiary of Denmark’s Good Food Group.

SIL Food India, originally known as James Smith & Co, was first acquired by Marico Industries in 1993.

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Article Details

Category: BusinessFinance

Markets: IndiaDenmarkMali

Topics: Reliance Retail Ventures HUL competition FMCG giants Packaged foods Market expansion Reliance Consumer FMCG market Cremica Brand acquisition SIL acquisition Food Service India

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-22 @ 11:40:43 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 406 words

Reading Time: 3 minutes read

Sentences: 18 lines

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Copyright Owner: © Business Standard

News ID: 25337015

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