Emami seeks mid-size acquisitions for growth
14 April 2008
New Delhi: Leading FMCG firm, Emami Ltd is on a lookout for acquisitions of mid-sized companies between Rs200-Rs400 crore, both in domestic and international markets as part of its expansion plan.
The company has set a budget of Rs500 crore for the various group companies, which has been raised through internal accurals.
In a bid to make a mark in the fast-growing FMCG sector in the country, the Kolkata-based firm seeks to buy companies, which specialise in personal and healthcare products.
Speaking on the growth plans in the international markets, N Venkat, CEO, Emami Ltd, and executive director stated that the company has started looking for possible takeovers in the CIS countries, the Middle East and South Asia, where it has a presence.
The Emami Group, founded in 1974, is owned by Kolkata-based industrialists R S Agarwal and R S Goenka is in the business of making personal, beauty and health care products.
Popular brands such as Boroplus antiseptic cream, Navratna oil, Bororplus prickly heat powder, Sona Chandi Chyawanprash, Amritprash, Mentho Plus pain balm and others are sold across India and also in Europe, the Middle East, Africa and North America.