Raymond furthers visibility in FMCG sector with stake in Ansell
Shital Jibhe / 18 Aug 2017
In order to scale up its FMCG business and create more value for the ‘Kama Sutra’ brand on a global level, Raymond has acquired 50% of Ansell’s stake in a joint venture called J K Ansell Private Ltd.
In order to scale up its FMCG business and create more value for the ‘Kama Sutra’ brand on a global level, Raymond has acquired 50% of Ansell’s stake in a joint venture called J K Ansell Private Ltd. The sexual wellness and personal care business will continue to remain with J K Ansell, which will become a wholly-owned subsidiary of J K Investo Trade (India) Ltd. (JKIT), a Raymond Group company.
As part of this deal, JKIT has sold its stake in the gloves business to Pacific Dunlop Holdings (Singapore) Pte. Ltd., an Ansell Group company. Raymond’s FMCG business currently has a retail presence through 0.25 million outlets, including 90,000 pharmacies in the country and exports to South East Asia, the Middle East and Africa.