Acquisition closed
Unilever acquires Horlicks (2020)
Unilever completed the acquisition of Horlicks on 1 April 2020 for €3.3 billion.[1]
Unilever acquired GlaxoSmithKline's Indian consumer nutrition business, including Horlicks, in a transaction valued at about €3.3 billion and settled largely in Hindustan Unilever shares. It is one of the largest deals ever done in Indian consumer goods.
Deal facts
- Announced
- Closed
- Value
- €3.3 billion (enterprise value)
- Buyer
- Unilever
- Seller
- —
- Assets
- Horlicks
- Regulatory review
- None recorded
Ownership changes recorded from this deal
Who owns Horlicks today?
Sources (1) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] Unilever to acquire Dollar Shave Club — Unilever PLC, Official press release, published 20 July 2016; retrieved 7 September 2026.
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