Emami looking to acquire domestic, international brands

Mumbai, April 11:

The Rs 620-crore Emami Ltd is getting ready to acquire brands both in the international and domestic markets. The Kolkata-based FMCG major is currently scouting for mid-sized brands and companies in the area of personal care and health care in the UK, Russia and West Asia.

Speaking to Business Line, Mr N. Venkat, CEO & ED, Emami Ltd, said, “As we already have an international presence, we are looking at mid-sized companies in countries such as UK and Russia, where we would like to consolidate our presence with couple of personal care brands. Any mid-sized acquisition could go up to Rs 500 crore but as a group we have enough money to fund the acquisition.”

With intentions of growing the acquired brands in their respective markets, Emami has no immediate plans to bring these international brands into the domestic market. Mr Venkat says, “We would eventually like to strengthen these brands where they are.”

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