Consumer goods maker Dabur is acquiring the personal care business of CTL group of South Africa. The estimated size of the buy out is over Rs 10 crore .
In July this year, the maker of Real juices and Vatika shampoo had bought South African cosmetics manufacturing and trading firm Discaria Trading. The acquisition has been made by Dabur South Africa, which was the erstwhile Discaria.
Dabur’s wholly-owned subsidiary Dabur International had acquired 100 per cent share capital of Discaria Trading, making the latter a step-down wholly owned subsidiary company of Dabur India
The deal marks Dabur’s entry in South Africa. The company has existing manufacturing facilities in Nigeria and Egypt. Source: The Economic Times