HUL to acquire VWash from Glenmark Pharmaceuticals.

Hindustan Unilever, a British-Dutch manufacturing company headquartered in Mumbai, India, agreed to acquire VWash, an intimate hygiene brand, from Glenmark Pharmaceuticals, a pharmaceutical company. Financial terms were not disclosed. "The acquisition of VWash gives us an entry into the currently underpenetrated and rapidly growing female intimate hygiene segment. The brand has a leadership position and fits well into the white spaces in our Beauty & Personal Care business. We look forward to completing the acquisition and strongly believe HUL is well-positioned to further scale up this business, given the strength of our market development and distribution capabilities," Sanjiv Mehta, HUL Chairman & Managing Director.