Godrej Consumer acquires two hair care firms in Zambia, Senegal

Godrej Consumer Products (GCPL) has acquired two newly set up hair care firms in Zambia and Senegal to ramp up presence in African market. The company, through its subsidiary, has acquired 100% stake in Hair Credentials Zambia. This entity will commence its operations through a licensing arrangement in Zambia.

Besides, the company, through its wholly owned subsidiary, has also entered into Joint Venture with the Darling Group to manufacture and market hair care products in Senegal, through a newly formed company, viz. Weave Senegal, in which the company holds 51% equity stake.

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