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Hindustan Unilever (HUL) has completed the sale of its rice exports business to LT Foods.
HUL has said in a BSE filing that “With respect to the sale of rice export business of HUL carried out primarily under the brands “Gold Seal Indus Valley” and “Rozana”, to LT Foods Middle East DMMC, a group Company of LT Foods India Ltd… the company has now completed the said transaction.
LT Foods has said in a separate filing that “To further accelerate the company’s strategy of global expansion, acquisition of these iconic brands will serve as an important milestone in the journey of LT Foods and strengthen company’s position in Middle East market.”
