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Godrej buys out Argencos, 2nd LatAm acquisition in 2 weeks

03 Jun 2010 Evaluate

FMCG major Godrej Consumer Products Ltd has acquired another Argentinian hair care company Argencos, making it the company's second buyout in Latin America in less than two weeks. It has entered into an agreement to acquire a 100 per cent stake in Argencos, On May 23 it had announced buying 100 per cent stake in Latin America's Issue Group, a market leader in hair-colour in Argentina, Peru, Uruguay and Paraguay. The combined sales of the two Argentine companies would be over $45 million. Argencos will be complementary add-on to its earlier acquisition of Issue Group.

GCPL has been on an aggressive acquisition spree in recent months. The Indian FMCG major had acquired Nigeria's Tura soap brand and Indonesia's household-care company, the Megasari group. Besides, it has also acquired Sara Lee's 51 per cent stake in its joint venture, Godrej Sara Lee.

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Godrej Consumer Prod Share Price

1028.80 15.75 (1.55%)
10-Jun-2026 16:59 View Price Chart
Peers
Company Name CMP
Hindustan Unilever 2169.30
Godrej Consumer Prod 1028.80
Dabur India 427.85
Colgate Palmol. (I) 2056.65
P&G Hygiene 9025.75
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