Godrej extends global reach, buying Cosmetica Nacional of Chile

摘要

Godrej Consumer Products Ltd (GCPL, headquartered in Mumbai, India) has recently extended its prominence in Latin America with the acquisition of a 60% controlling stake in Cosmetica Nacional (of Santiago, Chile). Moreover, Godrej has the option to increase its stake to 100% over the next three years. Cosmetics a Nacional reported sales at $36 M for full-year 2011, of which.62% came from hair colorants, 24% from colour cosmetics and 14% from other cosmetic products.