Godrej Consumer makes 4th buy in Africa

GCPL (Godrej Consumer Products Ltd ) is picking up a 51 per cent stake in the Darling Group for an undisclosed amount. The Rs 1,000-crore Darling Group is a pan-African leading hair-care company with a presence across 14 countries in sub-Saharan Africa. It manufactures and distributes the full range of hair extension products with brands like Darling' and Amigos.

This is the fourth acquisition made by GCPL having acquired African companies like Rapidol, Kinky and Tura in the past. Through this acquisition, GCPL will leverage its product portfolio and capabilities in personal wash, toiletries, household insecticides and air care across the African continent.