Godrej Consumer Products (GCPL) has concluded the divestment of its non-core Food business by the company’s Indonesia subsidiary on March 21, 2013.
Earlier in January this year, the company had entered into an agreement to divest its non-core Indonesian Foods business to Creador, with the transaction expected to close in about two months. Since the acquisition of this business in 2010, Godrej had been able to enhance the business value significantly. In 2012, this business generated net sales of about $22 million.
Godrej Consumer Products is a leader among India's Fast Moving Consumer Goods companies, with leading Household and Personal Care Products. Its brands include Good Knight, Cinthol, Godrej No. 1, Expert, Hit, Jet, Fairglow, Ezee, Protekt and Snuggy, among others, which are household names across the country.
