Indian consumer goods company Emami has acquired a 66.67 percent stake in Fravin, an Australia-based manufacturer of natural and organic personal care products.
The acquisition of Fravin is the first overseas acquisition by Emami in four years after the company took over Egypt’s Pharma Derm in 2011.
This acquisition was executed through Emami’s UAE-based subsidiary Emami Overseas FZE and will add to Emami’s international business division.
Established in 1974, Emami is one of the leading and fastest growing personal and healthcare businesses in the country. The firm has more than 260 products based on ayurvedic formulations and operates in over 63 countries including GCC, Europe, Africa, CIS countries and the SAARC.
Fravin’s portfolio of natural and organic personal care brands includes BoroPlus, Navratna, Fair and Handsome, Zandu Balm, Mentho Plus Balm and Fast Relief.
Following the acquisition, Fravin and its subsidiary companies are now subsidiaries of Emami Ltd.