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Reliance Consumer acquires Southern Health Foods
image for illustrative purpose
New Delhi: Reliance Consumer Products Ltd (RCPL) on Tuesday announced the acquisition of Tamil Nadu-based Southern Health Foods for an undisclosed amount, a move which will help the FMCG arm of Reliance Industries in the growing millet-based food segment.
Southern Health Foods owns the brand Manna and is a leading manufacturer of wide-ranging healthy foods for well over two decades, said RCPL in a statement.
This acquisition comes a week after RCPL, the country's fastest-growing FMCG firm, announced the acquisition of a majority stake in Australia-based Goodness Group Global Pty Ltd, which owns the 'Better-For-You' beverage business.
About the acquisition of Southern Health Foods, RCPL said.
