Reliance Consumer Expands FMCG Portfolio with SIL Foods Acquisition
Reliance Consumer Products (RCPL) has acquired Pune-based packaged foods brand SIL, known for its jams, sauces, and baked beans. The company made the announcement on Wednesday, which is another strategic step in RCPL's efforts to expand its FMCG footprint and compete with industry giants like Hindustan Unilever (HUL), Tata Consumer, and Cremica.
SIL Foods, an enterprise built from James Smith & Co., has manufacturing facilities near Pune and Bengaluru. Its ownership passed through numerous changes over the years, from Marico Industries to Scandic Food India, a subsidiary of Denmark's Good Food Group, and in 2021, to Food Service India.
RCPL's Chief Operating Officer, Ketan Mody, stated that the company is committed to unlocking the full potential of SIL and making the brand more relevant in today's market. This acquisition complements RCPL's growing portfolio, which includes brands such as Ravalgaon and Toffeeman confectionery, Campa soft drinks, Raskik beverages, Sosyo carbonated drinks, and Lotus chocolates.
RCPL, a wholly owned subsidiary of Reliance Retail Ventures, posted an impressive topline of Rs 8,000 crore for the first nine months of FY25. This acquisition is part of a larger trend of consolidation in India's food and beverages sector.
Recent deals include acquisition of a 40% stake in Hindustan Coca-Cola Beverages by the Bhartia family; Agro Tech Foods acquires Del Monte Foods; Compass India Food Services bought a 70% majority in ICS Foods.
Under this umbrella, with SIL, RCPL will add strength to the fast-growing package foods segment to dominate the challenging FMCG terrain of India.
