Merger complete, focus now shifts to integration of HUL-GSK operations

The merger will also give HUL access to brands such as Horlicks and Boost, pitting the company against rivals such as Nestle India, another big player in the health and nutrition segment.

Hindustan Unilever (HUL) on Wednesday said it had completed the merger of GlaxoSmithKline (GSK) Consumer with itself, taking its combined food and refreshment business to over Rs 12,000 crore.
 

The merger will also give HUL access to brands such as Horlicks and Boost, pitting the company against rivals such as Nestlé India, another big player in the health and nutrition segment.
 

HUL will also pay GSK Plc a sum of Rs 3,045 crore for acquiring Horlicks’ brand rights in India, implying it will not pay brand royalty to parent Unilever, who had first acquired the rights when the merger was