Fast moving consumer goods company, Emami, on Friday, announced the acquisition of “Dermicool” – one of the leading brands in the prickly heat powder and cool talc segment – from Reckitt for a total consideration of Rs 432 crore (excluding taxes and duties).
The acquisition will be funded through internal accruals and is subject to customary closing conditions, the company said in a statement. The Dermicool acquisition will be one of Emami’s biggest acquisitions after ‘Kesh King’ brand of hair and scalp products in 2015 and Zandu Pharmaceuticals in 2008.
Dermicool has a 20 per cent market share in the