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Marico acquires health care brand Ingwe
14 August 2010: Marico has acquired the OTC Healthcare brand, Ingwe, from Guideline Trading CC of South Africa, at an estimated Rs 10 crore through its subsidiary, Marico South Africa (MSA).
The Rs 15-crore Ingwe's range comprises immuno boosters and a medi pak range. Marico entered the South African market in October 2007 when it acquired the consumer products division of Enaleni Pharmaceuticals with its hair care and healthcare brands.
Source: Hindu Business Line