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Apr, 06 2018

Dabur Acquires Two personal care products firms in South Africa

Last year the company had claimed the acquisition of the two personal care products companies in South Africa for a total cash consideration of about Rs 25 crore.

FMCG major Dabur India has confirmed to have confirmed the acquisition of two South Africa-based companies D&A Cosmetics Proprietary Ltd and Atlanta Body & Health Products Proprietary Ltd, through its subsidiary.

Last year the company had claimed the acquisition of the two personal care products companies in South Africa for a total cash consideration of 50 million rands (about Rs 25 crore).

In a stock exchange filing, Dabur India said its wholly-owned subsidiary Dermoviva Skin Essentials Inc has acquired 100 per cent share capital of the companies. Both the companies have become step down wholly owned subsidiary companies of Dabur India Ltd.

In 2016, Dabur had acquired a South Africa-based Discaria Trading (PTY) Ltd.

In April last year, the company had announced the completion of the acquisition of personal, hair care and creams businesses of South Africa based-CTL group of companies valued at USD 1.5 million (Rs 10 crore).

As per the last year's announcement, while D&A Cosmetics is acquired at a cost of 4,79,40,000 Rands (around Rs 24 crore), Atlanta Body and Health Products' acquisition cost was 20,60,000 Rands (over Rs 1 crore).

Shares of Dabur India were trading 2.01 per cent up at Rs 343.35 on BSE.

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