The FMCG major chose to take the acquisition route in South Africa as setting up a greenfield facility would have come at additional expenditure, said Dabur‘s Chief Executive Sunil Duggal. He added that revenues from South Africa stand at USD 10 million and the company is targeting USD 50 million in the next five years.
On July 14, 2016, Dabur International, a wholly-owned subsidiary of Dabur had completely acquired Discaria Trading, a firm engaged in manufacturing and trading of cosmetics, for an undisclosed amount.