Acquisitions3 Feb 2024, 08:54 pm
HINDUSTAN FOODS LTD. ACQUIRES MANUFACTURING FACILITY IN HARYANA
AI Summary
Hindustan Foods Limited (HFL) has acquired a manufacturing facility in Kundli, Haryana through its wholly-owned subsidiary KNS Shoetech Private Limited (KNS) for Rs. 31.08 crores. The acquisition is in line with HFL's strategy to enter contract manufacturing and expand its business into sneakers, sports shoes, and their components.,
Key Highlights
- HFL acquires manufacturing facility in Haryana
- KNS Shoetech Private Limited acquires the facility for Rs. 31.08 crores
- Acquisition in line with HFL's strategy to enter contract manufacturing and expand into sneakers, sports shoes, and their components