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Emami plans aggressive acquisitions


FMCG major Emami is planning acquisitions in the personal and healthcare sectors in the domestic as well as overseas market. While the domestic acquisition may cost some 800-1,000 crore approximately, the overseas buy is likely to entail an investment of 1,500 crore. “We are actively looking at acquisitions in the domestic and international markets. We have mandated Ernst & Young to advise us on a buyout in the domestic market and are looking at companies that have a portfolio of two-to-three brands. Things are in the evaluation stage but nothing has been finalised. Takeover and brand purchase takes time. We hope to be able to complete at least two acquisitions over the next two-three years”, says R S Agarwal, Joint Chairman, Emami Group. At present, Emami products are exported to more than 60 countries. Emami currently has four brands including Boroplus Antiseptic Cream, Navratna Oil, Zandu Balm, and Fair & Handsome fairness cream with sales of more than 100 crore. The group plans to take the sales of at least six more brands to over 100 crore within the next five years.

Source: www.economictimes.com