New Delhi: Dabur India is planning global acquisitions in this fiscal year and has already identified 20 target companies.
“We have prepared a list of 20 companies from all over the world, then we have to go and approach them if they are interested. First of all it’s always a no but then slowly and steadily you have to get them, woo them,” Dabur India Vice Chairman Amit Burman said during an interview to a private television channel.
“We have formed a team, which sorts out that where and what acquisition is on the table...we have mapped out the companies which are like ours and who we would like to have,” Burman said explaining the company’s global acquisition plans on a television show.
In line with its strategy of growing aggressively in foreign markets, Dabur India had acquired a Nigerian company African Consumer Care in late 2007 and set up manufacturing in the country.
It has three subsidiary group companies - Dabur Foods, Dabur Nepal and Dabur International which has three step down subsidiaries - Asian Consumer Care in Bangladesh, African Consumer Care in Nigeria and Dabur Egypt.