03 Dec 2018 --- Unilever has emerged as the winner in the bid to acquire hot drink brand Horlicks, by signing an agreement to acquire the Health Food Drinks portfolio (GSK HFD) of GlaxoSmithKline (GSK) in India, Bangladesh and 20 other predominantly Asian markets. Unilever’s share of the total consideration is US$3.8 billion (€3.3 billion) and the company notes that the transaction is aligned with its strategy which seeks to increase its presence in health-food categories and high-growth emerging markets.
