Dabur acquires personal care business of South African CTL Group

New Delhi: Dabur has announced its entry into the South African consumer market by acquisition of personal care, hair care and creams businesses of the South Africa based-CTL group of companies, at a valuation of US$ 1.5 million. Dabur South Africa (PTY), as wholly owned subsidiary of Dabur International, has entered into an agreement with CTL Contracting Proprietary Ltd for acquiring business of development, manufacturing, packaging and sale of personal care products in South Africa. Separately, Dabur South Africa (PTY) will also acquire equipment of Carbotec Laboratories Proprietary Ltd and immovable property from CTL Management and Personnel Services Proprietary Ltd. Last year Dabur had entered the South African cosmetics markets by acquiring Discaria Trading, which was engaged in manufacturing and trading of cosmetics.

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