"Johnson & Johnson Pte. Ltd today completed the acquisition of the ORSLTM ready-to-drink electrolyte brand from Bangalore-based Jagdale Industries," the company today said in a statement, adding that financial terms of the transaction are not being disclosed.
Thibaut Mongon, Group Chairman, Johnson & Johnson Family of Consumer Companies Asia Pacific said: "India is a very important market for Johnson & Johnson, and we are pleased to add the ORSLTM brand to our portfolio of consumer health care brands in India. This acquisition will allow us to expand our consumer health care offerings."
Under the terms agreement, Jagdale Industries will provide transition services in the area of manufacturing, detailing and distribution of ORSLTM.
ORSLTM is a fruit-based electrolyte drink popular in India, which is helpful for quick energy and electrolytes restoration during mild dehydration and general debility, often following cough & cold, pain, fever and other digestive conditions, Johnson & Johnson said.