Hindustan Foods Limited has informed the Exchange regarding a press release dated March 23, 2026, titled "HFL announces acquisition of Beauty Care and Cosmetic products manufacturing business .
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Hindustan Foods Limited (HFL) has signed a Business Transfer Agreement to acquire the beauty care and cosmetics manufacturing business of Ultra Beauty Care Private Limited on a slump sale basis. The acquired unit, located in Aurangabad, Maharashtra on a 6-acre site, does contract manufacturing of ayurvedic, herbal, beauty and cosmetic products for large FMCG companies and D2C brands. HFL plans to use the spare land to also set up a beverage manufacturing facility for better asset utilization. The deal is subject to conditions precedent and is expected to close by Q1 FY 2026-27. The proximity to Mumbai Port positions the site as a potential export hub for BPC products.
The acquisition strengthens HFL's presence in the high-growth beauty and personal care segment and adds potential export capability, which could be positive for long-term growth. Investors should watch for further updates on deal value, financials of the target, and actual completion timelines.