Sector News

Hindustan Unilever buys Adityaa Milk ice cream business in India

August 6, 2018
Food & Drink

Unilever’s Indian subsidiary, Hindustan Unilever, has signed a deal to acquire the ice cream and frozen dessert business of Vijaykant Dairy and Food Products (VDFPL).

The acquisition includes VDFPL’s flagship brand Adityaa Milk and falls in line with Hindustan Unilever’s intent to strengthen its position in the rapidly growing Indian ice cream market.

The move complements Unilever Hindustan’s Kwality Wall’s ice cream brand and it is expected to benefit from synergies in the Indian states of Maharashtra, Goa, Karnataka and Kerala.

Adityaa Milk has a presence in dairy and dairy-based products, and over the last five years has expanded into ice creams and frozen desserts.

After the acquisition has been completed, VDFPL will continue to pursue its dairy business.

Hindustan Unilever managing director Sanjiv Mehta said: “Ice creams and frozen desserts is an exciting category and we see great potential for growth. We believe the acquisition will complement our existing portfolio of Kwality Wall’s.”

The move continues Unilever’s expansion in India after its private equity arm Unilever Ventures led a funding round in grocery delivery service Milkbasket earlier this year.

In its most recent quarterly results, Unilever posted a 4.7% reduction in turnover as it was affected by challenging market conditions.

Source: FoodBev

comments closed

Related News

January 29, 2023

Danone appoints three new deputy CEOs

Food & Drink

Danone has appointed three deputy CEOs to “better connect categories and regions” and drive the delivery of its ‘Renew Danone’ strategy. The new appointees are Veronique Penchienati-Bosetta, Shane Grant and Juergen Esser. They will report to Danone CEO Antoine de Saint-Affrique.

January 29, 2023

PepsiCo Portugal invests €7.5m in biodigester

Food & Drink

PepsiCo Portugal has announced that it will invest €7.5 million to construct a new biodigester, which will turn organic waste into biogas. As well as helping its Carregado facility to achieve a 30% reduction in carbon emissions, the biodigester will also contribute to reducing gas consumption, allowing the installation to use the biogas produced during the anaerobic digestion process.

January 29, 2023

Kerry’s fellowship with Upcycled Food Foundation explores future of food waste prevention

Food & Drink

Kerry is sponsoring The Kerry Upcycled Food Foundation Fellowship in a new partnership with the Upcycled Food Foundation (UFF), the non-profit subsidiary of the Upcycled Food Association (UFA). The research fellowship is the second initiated by the UFF and will work toward advancing the understanding of the market, consumer perception and technical opportunities of upcycled food.

How can we help you?

We're easy to reach