Zydus Wellness is all set to enter into a definitive agreement to acquire Naturell (India) (NIPL) including its wholly owned subsidiary, a leading healthy snacking company engaged in the business of manufacturing, research and development and marketing of Nutrition bars, Protein cookies, Protein Chips and health food products.

NIPL’s business portfolio includes brands - Ritebite Max Protein (Protein fueled healthy snacks) and Ritebite (fiber-enriched snacks). It commercially started its operations in 2003 and ventured into healthy snacks in 2007. The acquisition seamlessly aligns with Zydus Wellness’ strategic vision, expanding its footprint in the consumer wellness industry by foraying into the rapidly growing healthy snacking segment. 

It further strengthens the company’s market presence and commitment to addressing the evolving needs and preferences of health-conscious consumers. The transaction is proposed to be funded by cash. It is expected to be EPS accretive for Zydus Wellness from the very next year post-acquisition.

The Board of Directors of Zydus Wellness at their meeting held on October 30, 2024 has approved entering into the Share Purchase Agreement (SPA) with the Promoters and other shareholders (the Sellers) of Naturell (India). 

Zydus Wellness combines the best healthcare, nutrition, and cosmeceutical products to provide quality wellness products.