Godrej Consumer's UK Unit Buys Deodorant Brand From Colgate-Palmolive
Godrej Consumer's UK Unit Buys Deodorant Brand From Colgate-Palmolive
Godrej Consumer Products Ltd.'s U.K. unit has acquired the Soft & Gentle female deodorant brand from Colgate-Palmolive Co. (CL) for an undisclosed amount.
Godrej Consumer will fund the acquisition with low-cost debt, it said in a statement.
Godrej Consumer Chairman Adi Godrej said the acquisition of Soft & Gentle by the Keyline Brands Ltd. unit will add scale to its U.K. business, and it will add to earnings from the first year of operations.
Source: Fox Business
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