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Consumer goods company Marico acquired 53.98% stake in HW Wellness Solutions


Consumer goods company Marico acquired 53.98% stake in HW Wellness Solutions, the parent company of omnichannel healthy snacks startup True Elements, for an undisclosed amount.


True Elements is a clean label, digital-first brand that specialises in healthy breakfast and snacks. Marico stated in a release that the equity stake was obtained through primary infusion and secondary buyouts. True Elements' current leadership will continue to run the brand independently as part of the agreement.

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