{"id":396,"date":"2010-05-20T00:00:00","date_gmt":"2010-05-20T00:00:00","guid":{"rendered":"http:\/\/www.franchisemart.in\/franchise\/?p=396"},"modified":"2012-07-21T10:02:26","modified_gmt":"2012-07-21T10:02:26","slug":"godrej-consumer-products-acquires-indonesia-s-megasari-group","status":"publish","type":"post","link":"https:\/\/www.franchisemart.in\/franchise\/godrej-consumer-products-acquires-indonesia-s-megasari-group\/","title":{"rendered":"Godrej Consumer Products acquires Indonesia&#8217;s Megasari Group"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.franchisemart.in\/franchise\/wp-content\/uploads\/2010\/05\/Godrej.jpg\" alt=\"Godrej Consumer Products acquires Indonesia&#039;s Megasari Group\" title=\"Godrej\" width=\"300\" height=\"260\" class=\"alignleft size-full wp-image-826\" \/>Godrej Consumer Products Ltd (GCPL) has announced the acquisition of Indonesia-based PT. Megasari Makmur Group and its distribution company in Indonesia.<\/p>\n<p>Megasari Group manufactures and distributes a range of household products, including household insecticides, wet tissues and air fresheners.<\/p>\n<p>GCPL officials believe that the acquisition is expected to be very positive for the company in the first year itself and has been funded by overseas debt at a very attractive price.<\/p>\n<p>Adi Godrej, chairman of GCPL, said: &#8220;Megasari Group provides us a strong platform to establish a significant foothold in Indonesia, which is among the largest consumer markets in Asia.&#8221;<\/p>\n<p>&#8220;Given Megasari Group&#8217;s leading position in household product categories in Indonesia and the Godrej Group&#8217;s strong presence in this category in India, we believe this acquisition will provide significant synergy and create value for shareholders,&#8221; he said.<\/p>\n<p>&#8220;As an emerging market multinational, this acquisition is an important step in our global 3 by 3 strategy &#8211; presence in 3 continents &#8211; Asia, Africa and Latin America through three core categories &#8211; home care, personal wash and hair care,&#8221; added Godrej.<\/p>\n<p>A. Mahendran, director of FMCG portfolio cell for the Godrej Group, welcomed the acquisition.<\/p>\n<p>&#8220;As one of the largest household insecticide and air care companies in Indonesia, the company has a strong track record in innovative high quality value-for-money products to the Indonesian consumer. We look forward to working with the seasoned Megasari team to further accelerate growth and leverage synergy between the two groups,&#8221; said Mahendran.<\/p>\n<p>Megasari Group&#8217;s current management team will continue to be involved with the companies. Godrej Group has put in place a cross functional team consisting of current Megasari employees and Godrej&#8217;s team from India.<\/p>\n<iframe src='http:\/\/www.facebook.com\/plugins\/like.php?href=https%3A%2F%2Fwww.franchisemart.in%2Ffranchise%2Fgodrej-consumer-products-acquires-indonesia-s-megasari-group%2F&amp;layout=button_count&amp;show_faces=true&amp;width=280&amp;action=recommend&amp;colorscheme=light&amp;height=30' scrolling='no' frameborder='0' style='border:none; overflow:hidden; height:30px' allowTransparency='true'><\/iframe>","protected":false},"excerpt":{"rendered":"<p>Godrej Consumer Products Ltd (GCPL) has announced the acquisition of Indonesia-based Megasari Makmur Group<\/p>\n<iframe src='http:\/\/www.facebook.com\/plugins\/like.php?href=https%3A%2F%2Fwww.franchisemart.in%2Ffranchise%2Fgodrej-consumer-products-acquires-indonesia-s-megasari-group%2F&amp;layout=button_count&amp;show_faces=true&amp;width=280&amp;action=recommend&amp;colorscheme=light&amp;height=30' scrolling='no' frameborder='0' style='border:none; overflow:hidden; height:30px' allowTransparency='true'><\/iframe>","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[305,306,307,308],"class_list":["post-396","post","type-post","status-publish","format-standard","hentry","category-retail-news","tag-gcpl","tag-godrej","tag-godrej-products","tag-megasari-group","entry"],"_links":{"self":[{"href":"https:\/\/www.franchisemart.in\/franchise\/wp-json\/wp\/v2\/posts\/396","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.franchisemart.in\/franchise\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.franchisemart.in\/franchise\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.franchisemart.in\/franchise\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.franchisemart.in\/franchise\/wp-json\/wp\/v2\/comments?post=396"}],"version-history":[{"count":1,"href":"https:\/\/www.franchisemart.in\/franchise\/wp-json\/wp\/v2\/posts\/396\/revisions"}],"predecessor-version":[{"id":824,"href":"https:\/\/www.franchisemart.in\/franchise\/wp-json\/wp\/v2\/posts\/396\/revisions\/824"}],"wp:attachment":[{"href":"https:\/\/www.franchisemart.in\/franchise\/wp-json\/wp\/v2\/media?parent=396"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.franchisemart.in\/franchise\/wp-json\/wp\/v2\/categories?post=396"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.franchisemart.in\/franchise\/wp-json\/wp\/v2\/tags?post=396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}