NEW DELHI: Consumer goods firm DaburBSE -0.14 % has acquired South African cosmetics manufacturing and trading firm Discaria Trading for an undisclosed amount.
“The company’s wholly-owned subsidiary Dabur International has acquired 100 per cent share capital of Discaria Trading in South Africa. Accordingly, Discaria has become a step-down wholly owned subsidiary company of Dabur India,” the maker of Real juices and Vatika shampoo said in a BSE filing.
This marks Dabur’s entry in the high-potential South Africa market. The company currently has manufacturing in Nigeria and Egypt, which caters to the North and East African markets.
Following this acquisition, Dabur is likely to set up a greenfield manufacturing facility in South Africa, an official aware of the developments said.
