Godrej Consumer Products completes acquisition of 75% equity stake in Cenon Chemicals

Godrej Consumer Products has completed acquisition of 75% equity stake in Cenon Chemicals, Kenya, through a wholly owned subsidiary of the company, which was subject to the approval of Completion Commission of Kenya.

Canon Chemicals, a Kenya based company, manufactures and distributes products in the personal and home categories. Its major brand is Valon, a petroleum jelly. In 2015, the annualized revenue of the business was KSh 1,146 million.

Godrej Consumer Products is the largest home-grown home and personal care company in India.