Reliance Consumer Products (RCPL) is set to acquire the packaged food brand SIL, which offers a range of products such as cooking pastes, jams, mayonnaise, baked beans, and Chinese sauces. The acquisition formalities have been completed, and RCPL plans to scale up the distribution of SIL’s products nationally, which will enable them to compete directly with major players in the fast-moving consumer goods (FMCG) sector, including Hindustan Unilever, Tata Consumer, and Cremica. SIL Food India, the current owner of the brand, operates mainly in Western and Southern markets.
The transaction size is not disclosed, but RCPL will acquire SIL’s brands only and not the company or its manufacturing facilities. The acquisition is part of RCPL’s strategy to expand its portfolio and compete effectively in the FMCG sector. SIL has manufacturing facilities in Pune and Bengaluru, according to its website.
RCPL is a wholly-owned subsidiary of Reliance Retail Ventures (RRVL) and has made several acquisitions in the past couple of years, including Ravalgaon and Toffeeman confectionery, Campa soft drinks, Raskik beverages, Sosyo carbonated drinks, and Lotus chocolates. Last year, RCPL reported a top line of ₹8,000 crore for the first nine months of FY25, and its Campa and Independence brands are expected to reach ₹1,000 crore by the end of FY25.
The packaged foods space has seen several deals recently, including Agro Tech Foods acquiring a 100% stake in Del Monte Foods for ₹1,300 crore, and Compass India Food Services, a subsidiary of Compass Group, buying a majority stake in Delhi-based food catering company ICS Foods.