Godrej Consumer Products has completed acquisition of 100% equity stake in Strength of Nature LLC, USA, through a wholly owned subsidiary. This acquisition is a further step to accelerate GCPL’s global 3 by 3 strategy and scale up its presence in Africa by being at the forefront of serving the hair care needs of women of African descent. The acquisition is expected to be EPS accretive for GCPL from year one itself.
Strength of Nature is a USA based company with a strong global presence. It has a compelling portfolio of leading hair care brands with affordable and innovative products, and has been serving women of African descent across 50 countries.
Godrej Consumer Products (GCPL) is an Indian consumer goods company based in Mumbai, India. GCPL’s products include soap, hair colourants, toiletries and liquid detergents.
Company Name | CMP |
---|---|
Hindustan Unilever | 2226.95 |
Godrej Consumer Prod | 1213.45 |
Dabur India | 506.75 |
Colgate Palmol. (I) | 2829.20 |
Galaxy Surfactants | 2573.45 |
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