Unza Holdings is a Singapore-based consumer goods company. It is a leading personal care manufacturer and marketer in Southeast Asia, with 48 brands in its portfolio. It is equally owned by the company management and two private equity funds.
Dabur is expected to buy out the holdings of private equity funds Actis and Standard Chartered, having a 30% stake each, in the USD 150-million Unza Holdings. There was no comment from Dabur India, regarding the report.
Dabur acquisition of, stakes in Unza, will boost its consolidated sales by 22% and make it the third-largest FMCG company in India, after HLL and ITC, with manufacturing facilities in China, Vietnam, Indonesia and Malaysia.
The prospective deal, will give Dabur access to 58,000 retail outlets and five manufacturing locations, enabling Dabur, to launch its ayurvedic range in the Asia-Pacific, including the high-growth markets of China and Vietnam.
The acquisition, will give the Ayurvedic company entry into new categories such as laundry detergents, fabric conditioners, skincare, fragrance, toiletry, cosmetics, splash colognes and hair color.
On Thursday, Dabur India, in a filing to the exchange had said, `Board of Directors had not considered any such resolution for buying stake in Unza Holdings by the company. Hence, the company denies the news reports,` .