Dabur Looking At Acquiring Foreign Brands And Companies
India’s leading consumer products company Dabur India is looking to acquire companies or brands overseas. The New Delhi-based maker of juices, cooking pastes and personal care products, is targeting small or mid-sized brands or businesses in south Asia, the Gulf region, North or West Africa.
The revenues of the target companies could be in the range of Rs 20-50 crore ($5-10 million), its CEO Sunil Duggal told Reuters. “We are pretty aggressively seeking an acquisition, and we have demonstrated with the Balsara acquisition that we have the ability to handle one,” he said, referring to a 1.43-billion-rupee deal in 2005 to acquire brands like Promise toothpaste and Sanifresh cleaner. Dabur has revenues of $300 million in 2005, and it intends to double that by 09-10. [Via Moneycontrol.com]
The Hindu Business Line reports that the company is “in the process of conducting due diligence to acquire a vitamins or supplements company in the US, FMCG brands in Egypt and Malaysia. In India too, Dabur is in advanced talks to acquire an FMCG firm operating in the herbal/ayurvedic domain. Dabur has earmarked some Rs 500 crore ($111 million) for making these acquisitions.
