Dabur acquires South African cosmetics trading firm Discaria

NEW DELHI: Consumer goods firm Dabur 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% 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. “Dabur is likely to sell its Namaste range of hair care products, which caters to ethnic African population, and cosmetics under the Vatika hair care and DermoViva skin care brands,” the person said.