FMCG major Dabur is planning to acquire the personal care, hair care and creams businesses of the South African based-CTL group of companies in a deal valued at $1.5 million. The acquisition will mark the company’s entry into the South African personal care market.
In this regard, Dabur South Africa (PTY), a wholly owned subsidiary of Dabur International has entered into an agreement to acquire the South African business of development, manufacturing, packaging and sale of personal care products of CTL Contracting Proprietary. Moreover, Dabur South Africa (PTY) would also acquire certain equipment of Carbotec Laboratories Proprietary and immovable property from CTL Management and Personnel Services Proprietary.
Dabur India is one of the largest FMCG Company in India. Building on a legacy of quality and experience of over 125 years, Dabur operates in key consumer products categories like Hair Care, Oral Care, Health Care, Skin Care, Home Care & Foods.
| Company Name | CMP |
|---|---|
| Hindustan Unilever | 2287.90 |
| Godrej Consumer Prod | 1042.50 |
| Dabur India | 487.60 |
| Colgate Palmol. (I) | 2196.75 |
| P&G Hygiene | 9930.50 |
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