Dabur India Ltd, the world’s largest Ayurvedic and natural health care company, has recently acquired Johannesburg-based CTL Contracting (Pty) Ltd in a deal valued at approximately R20-million.
Founded in 1884 by Dr S K Burman, Dabur India set up its first manufacturing plant in 1896. It established its first research facility in 1919 and almost a hundred years later crosses the billion-dollar turnover mark.
The acquisition will see Dabur South Africa (Pty) Ltd developing, manufacturing, packaging, and selling of personal care products of CTL Contracting. In addition Dabur South Africa will also acquire certain equipment of Carbotec Laboratories (Pty) Ltd, and immovable property of CTL Contracting.
One of the personal care product ranges that will be manufactured by Dabur South Africa is the African hair care range ORS (formerly known as Organic Root Stimulator). This range of products is fast becoming one of the most popular for African hair and won Best Relaxer at the 2015 African Hair Awards, and Best Newcomer for its Argan Oil range at the 2016 African Hair Awards.
Salil Dhingra, who heads up Dabur in South Africa, is excited about the investment. “We at Dabur are dedicated to the health and wellbeing of every household,” he says. “People are our most important asset; we aim to add value to the South African economy through result-driven training. With a great understanding of customer needs we aim to add value to the South African consumer by developing products to better fulfil their needs.”
Commenting from India, Sunil Duggal, CEO of Dabur India says: “This acquisition represents a significant step for Dabur in our strategy to accelerate growth in the international market, particularly Africa.”
Issued for and on behalf of Dabur South Africa (Pty) Ltd
By Marisa Louw, Emlo Communications
Tel: 076 2111 607
Date: 5 January 2017
Salil Dhingra, Country Manager for Dabur South Africa (Pty) Ltd