|
|
|
|
|
|
| Acquisition of Mascot Universal Distribution Business Shows Company Commitment to Aggressive Growth in Asia-Pacific |
MUMBAI, INDIA, June 29, 2015 - (ACN Newswire) - Connell Brothers (CBC), a division of Wilbur-Ellis Company, continues its growth and expansion plans in Asia-Pacific with the acquisition of the Personal & Health Care ingredients distribution business of Mascot Universal Pvt. Ltd., in India.
India is a strategic market for CBC due to the growth that is being driven by rising per capita income and rapid urbanization. As a result of this, the Personal, Home and Health Care industry has shown rapid growth.
Mascot Universal is headquartered in Mumbai with offices in Delhi and Bangalore, as well as warehousing facilities, personal care labs and a pilot plant, which are all part of the acquisition. Mohit Lalvani, founder and managing director of Mascot Universal, and his team, will join CBC and lead the newly named Mascot Personal and Health Care Business Unit, under Connell Bros. Company (India) Pvt. Ltd.
"Mascot Universal places an emphasis on marketing excellence and technical competency, making the company a strategic fit for CBC and our growth plans," said Tejas Parekh, general manager of CBC, India. "By combining our expertise and resources we can create even greater value for our customers and further solidify our position in the personal care and health care markets in India."
"The long-term approach to the business and passion to serve customers of both of our companies are truly aligned," said Mohit Lalvani. "It will be a seamless transition for our business and we are excited at the growth opportunities ahead."
Contact:
HONG KONG
Wendy Wong
Connell Brothers
+852-2969-2730
wendy.wong@wecocbc.com
USA
Sandra Gharib
Wilbur-Ellis Company
+1-415-772-4036
sgharib@wilburellis.com
Topic: Merger & Acquisition
Source: Connell Brothers Company
Sectors: Chemicals, Spec.Chem, Science & Nanotech, Speciality Chemicals
https://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
|
|
|
