Marico South Africa acquires South African hair styling brand - ISOPLUS

For Rs 36 crore

Marico South Africa (MSA), a wholly owned step-down subsidiary of Marico on 28 July 2017 announced the acquisition of Business including related intellectual property rights of ISOPLUS, a leading hair styling brand in South Africa from JM Products SA (JM Products) and Mary L Harris, its owner for a consideration of 75 million South African Rand (circa Rs 36 Crore) at a revenue multiple of 1.2. This strategic buyout will enable MSA to become a full spectrum ethnic hair care company in South Africa.

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