India Inc India Inc: Friday, 19 May 2017 06:47

Dabur buys South African firms

Indian FMCG firm Dabur has acquired two South African companies in the personal care and hair care segment.

In a Bombay Stock Exchange (BSE) filing, the company said the company’s step down wholly-owned subsidiary Dabur South Africa has entered into a share purchase agreement to acquire D&A Cosmetics Proprietary Ltd and Atlanta Body & Health Products Proprietary Ltd.

The deal size is estimated at ?25 crore ($4mn).

D&A Cosmetics has a presence in the personal care, hair care and creams segment and Atlanta Body & Health Products is engaged in the business of sales and distribution of the Long and Lasting brand products for salons in South Africa.

In November last year, Dabur had announced the acquisition of the personal care, hair care and creams businesses of CTL Group, which marked its foray in the South African personal care market.

Dabur is one of the early entrants in Africa’s personal care market, but South Africa is a relatively new territory.

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