Godrej acquires Argencos SA

 Personal care products maker Godrej Consumer Products Ltd said late on Tuesday it has acquired the entire equity stake in Argentina-based hair care firm Argencos SA, its second acquisition in Latin America in less than two weeks.

On May 23, Godrej had acquired the Issue Group, a market leader in the Latin American hair colour market.

"Argencos is a perfect, complementary add-on to our earlier acquisition of Issue Group. I expect the combination of the two businesses to set us on a firm footing in achieving our plans for Latin America," Chairman Adi Godrej said in a statement to the stock exchange.