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Wipro Buys Chinese Personal Care Brands

September 22, 2016: 12:00 AM EST
India-based Wipro said it has agreed to acquire Chinese personal care company Zhongshan Ma Er Daily Products' lines of shower and bath products. Upon completion of the deal, Wipro will become the third biggest company in the segment in southern China, the company said. Without disclosing the financial details of the deal, Wipro said it expects the Chinese brands to help grow its annual revenue in China to almost 1 billion yuan, or $150 million.
Celine Ge, "India’s Wipro to Buy Zhongshan Ma Er’s Personal Care Brands", South China Morning Post, September 22, 2016, © South China Morning Post Publishers Ltd.
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