Piramal Enterprises’s consumer products division has entered into an agreement to acquire four brands from Pfizer for a consideration of Rs 110 crore. The acquisition includes brands namely, Ferradol, Neko, Sloan’s and Waterberry’s Compound. Additionally, the agreement also includes the trademark rights for Ferradol and Waterberry’s Compound in Bangladesh and Sri Lanka. These brands hold a rich legacy and have a high consumer pull and are available in India for 30+ years.
Piramal Enterprises operates as an industrial conglomerate with business focuses on healthcare services, capital management, information management, glass, piramal realty and piramal foundation. It offers like pharma solutions like critical care, imaging, bio-orthopaedics and phytomedicines in healthcare.
