Reliance firm acquires Bengaluru-based SIL Foods

Reliance Consumer Products Ltd. (RCPL) has announced the acquisition of Bengaluru-based SIL Foods for an undisclosed sum. This acquisition marked a significant milestone for RCPL in its pursuit of building a futuristic business with a solid foundation, the company said in a statement on Wednesday.

“Reliance Consumer Products is focused on building a business for the future while preserving the rich cultural and culinary heritage of India. We believe that with our expertise in consumer engagement, innovation, and distribution, we can unlock SIL brand’s full potential and make it even more relevant in today’s fast-evolving marketplace,’” said Ketan Mody, COO, RCPL.

The acquisition was part of RCPL’s broader strategy to reinvigorate and modernise some of India’s most beloved heritage brands, the company said.

Ajay Mariwala, Managing Director of SIL Foods said, “‘RCPL will help breathe new life into the SIL brand by expanding its reach and bringing the authentic SIL products to a broader, modern audience.” SIL Foods manufactures fruit jams, soups, chutney, sauces, ginger garlic paste, and other food products.