Godrej mulling EM acquisitions

Godrej said the company will be looking for acquisitions in emerging markets such as in the African region and India,particularly to enhance its existing categories like haircare and insecticides.

8220;As I said earlier,we will look at categories such as hair care,especially hair colours,house hold products,insecticides and personal wash,8221; he said.

To fund its acquisitions,the company had earlier announced that it will raise Rs 3,000 crore. Godrej said the group could even raise more funds if required to fund future acquisitions.

8220;The fund has not been fully utilised that were raised earlier. It could even look at raising more money,if the need arises,8221; he said.

This year,the company had done a spree of acquisitions. After acquiring Nigeria8217;s personal care brand Tura,Godrej Consumer Products Ltd GCPL bought Indonesia8217;s household insecticide brand Megasari.

It later on acquired two hair care firms 8212; Issue and Argencos 8212; in Latin America. It had also bought out its erstwhile partner Sara Lee from their joint venture in India.

As part of plans to expand its global presence,GCPL has also it is exploring opportunities to introduce some of its Indian brands along with acquired labels in new markets.