Emami acquires 67% stake in Oz company Fravin

By: | Published: January 23, 2015 12:06 AM

FMCG major Emami on Thursday said it has acquired a controlling stake of 66.67% in Australia-based Fravin Pty Ltd...

FMCG major Emami on Thursday said it has acquired a controlling stake of 66.67% in Australia-based Fravin Pty Ltd along with its three subsidiaries.

The Kolkata-based company acquired the controlling stake in Fravin, a natural and organic personal care product maker, through its subsidiary Emami International FZE for an undisclosed sum.

This international acquisition marked Emami’s entry into the fast-growing natural and organic personal care segment and was in line with the company’s strategy to be present in sectors with high growth potential, a company statement said.

Harsh Agarwal, director, Emami, said, “The Fravin acquisition is in sync with the company’s strategy to grow aggressively through both organic and inorganic routes in India and overseas… ”

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