Godrej Household Products Ltd. completes it's merger with Godrej Consumer Products Ltd.

Godrej Consumer Products Ltd. (GCPL), announced the completion of merger of Godrej Household Products Ltd. (GHPL) with GCPL. This is subsequent to the Board of Director's approval of the merger of GHPL with GCPL. This merger consolidates GCPL's position in the Indian FMCG space, making it the largest home grown home and personal care portfolio in India and the second largest household insecticides company in Asia (ex Japan).

Commenting on the announcement, Adi Godrej, Chairman, GCPL, says, "The merger of GHPL with GCPL is an important milestone in our aspiration towards becoming a leading emerging markets FMCG company. GCPL is now the largest homegrown Household and Personal Care (HPC) company in India and the second largest Household Insecticides company in Asia (ex Japan). We continue to remain focused on our global 3 by 3 strategy ' presence in 3 continents ' Asia, Africa and Latin America through 3 core categories ' Home Care, Personal Wash and Hair Care.

The merger will provide us with significant strategic and operational benefits. Both GCPL and GHPL have delivered outstanding performance and we believe that the merger provides us with a scale platform to accelerate our growth and profit trajectory. We are excited about the potential of offering even more world class, innovative products to delight our consumers in emerging markets. At the same time, we believe that the new GCPL will offer unparalleled growth and development opportunities for our team members, who have worked tirelessly to deliver value for all our stakeholders."

A. Mahendran, Managing Director, GCPL added, "We look forward to capitalizing on the complementary strengths of both GCPL and GHPL through this merger ' combining the best of both companies to capture the promise of a converged GCPL. We are very confident that the integration will provide us with significant benefits in crafting an innovation platform for the future, achieving cost synergies, launching exciting new products, sharpening our brand positioning and enhancing our marketing and distribution capabilities."