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.
crackcrack| 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 |
| View more.. | |
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