Piramal Enterprises acquires four brands from Pfizer for Rs 110 crore

The agreement also includes the trademark rights for Ferradol and Waterbury’s Compound in Bangladesh and Sri Lanka

Piramal Enterprises’ Consumer Products Division has entered into an agreement to acquire four brands from Pfizer for a consideration of Rs 110 crores. The acquisition includes brands namely: Ferradol, Neko, Sloan’s and Waterbury’s Compound. Additionally, the agreement also includes the trademark rights for Ferradol and Waterbury’s Compound in Bangladesh and Sri Lanka. These products currently operate in a market which is currently estimated at Rs 7000 crore.