Dabur Foods merges with Dabur India
By Our Corporate Bureau | 12 Jul 2007
Mumbai: The board of directors of Dabur India has approved the amalgamation of Dabur Foods (a wholly-owned subsidiary) with the company. The appointed date for the merger is April 1, 2007.
According to the company, the integration will help Dabur sharpen focus on the high growth business of foods and beverages, and enter newer product categories in this space.
The company said Dabur Foods is an intrinsic part of Dabur India's growth strategy, and has been one of the fastest growing businesses reporting a 35 per cent CAGR for the past five years. The merger is a unique opportunity to combine the strengths of a foods company with those of a growing and profitable FMCG business to create an extraordinarily strong and rapidly growing global competitor in the Health and Wellness space.
After the proposed merger, Dabur Foods will become one of the business divisions of Dabur India along with the consumer care division and the consumer health division.
Dabur Foods was floated as a subsidiary over 10 years ago. It has since gained unquestioned leadership and market dominance in the fruit beverage space.