Godrej Consumer Products to acquire Cosmetica Nacional with 40 per cent remaining stake

Home grown FMCG firm Godrej Consumer Products Limited (GCPL) is on the verge of acquiring the remaining 40 per cent stake in Chile’s hair colour and cosmetic company Cosmetica Nacional. GCPL initially acquired 60 percent of the company’s stakes in January 2012 and want to further increase its ownership to 100 per cent for an undisclosed amount. Founded in 1979, Cosmetica Nacional produces and markets hair colours and cosmetics, and offers hair nail and skin care products. GCPL has been constantly strengthening their grounds in hair care business, with products like hair colour, hair dye and hair oil doing the rounds