Acquisitive Reliance Industries Buys India’s Southern Health Foods

Credit: Reliance Industries Limited/X.com

India’s Reliance Industries has made different acquisition successful nutrient and drinks, snapping up section business Southern Health Foods.

The Rs1.56bn ($17.2m) deal, struck done nan conglomerate’s FMCG limb Reliance Consumer Products, adds a “key player” successful merchandise areas specified arsenic millets, oats and multigrain products, nan institution said.

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Southern Health Foods, based successful Tamil Nadu, markets a scope of products nether nan Manna marque including meal cereal, atta, babe nutrient and nutritional drinks.

The acquisition is Reliance’s 2nd FMCG woody successful nether a week. On Saturday (7 February), the group announced an agreement to acquire a mostly liking successful Australian beverage shaper Goodness Group Global.

T. Krishnakumar, head of Reliance Consumer Products, said: “Manna is 1 of nan astir trusted names successful nan health-focused foods marketplace successful Tamil Nadu pinch noticeable beingness successful nan adjoining states. Apart from adding musculus to RCPL’s packaged foods portfolio, Manna’s summation will thief america service consumers nan champion nutritious foods.

“With our beardown distribution, R&D and proviso concatenation capabilities, Manna would beryllium made disposable successful different geographies – eventually making it a family sanction crossed nan country.”

Chennai-based Southern Health Foods was incorporated successful 2012. The company’s turnover has declined successful caller years, opinionated astatine Rs1.09bn, Rs1.27bn and Rs1.26bn, successful its 2024-25, 2023-24 and 2022-23 financial years, respectively.

Reliance Industries snapped up nan Goodness Group Global shareholding for an undisclosed sum.

The institution said nan woody would return Reliance Consumer Products into Australia’s user equipment market.

It besides said it plans to push Goodness Group’s brands, including Nexba and Pace, into further markets, including India. Nexba is positioned arsenic a gut-health marque utilizing nan company’s plant-based, zero-calorie sweetener, Goodsweet.

Pace is described arsenic a marque “co-created” pinch Australian cricket skipper Pat Cummins.