Published
Sep 3, 2018
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JZ International acquires Godrej Consumer’s UK unit

Published
Sep 3, 2018

JZ International, a leading pan-European private investment business based in London, has picked up an entire stake in Godrej Consumer Products Limited's UK business.
 

JZ International acquires Godrej Consumer’s UK unit - Cuticura


Godrej has got around Rs 313 crore (approx $44 million) from the sale of its UK unit to JZ International. Godrej UK has a strong personal care business with leading brands such as Touch of Silver, Cuticura, and Soft & Gentle.
 
Commenting on this announcement, GCPL's executive chairperson Nisaba Godrej  said: “As we build on our presence in emerging markets and sharpen our strategic focus, we have decided to divest our UK business. This is in line with our long-term objective of continually optimising our portfolio and making the appropriate capital allocation choices to drive superior value creation.

“Godrej UK was our first international acquisition back in 2005 and over the years, our team has created a strong personal care business with leading brands such as Touch of Silver, Cuticura and Soft & Gentle. We would like to take this opportunity to wish JZ International the very best as they lead the business into its next phase of growth."
 
JZ International senior partner Martin Wright added: “We are delighted to announce the acquisition of Godrej UK from Godrej Consumer Products and we look forward to working with the talented UK management team. The company has an exciting portfolio of unique and dynamic brands focused in the personal care sector and well recognised in both the UK and international markets.”
 
Godrej Consumer Products Ltd is owned by the billion-dollar firm Godrej Group and offers several personal care, and cosmetic brands.

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