FMCG major Godrej, which acquired 51 per cent stake of Sara Lee in their joint venture Godrej Sara Lee recently, has announced that it has decided to change the name of its unit Godrej SaraLee to Godrej Household Products Ltd.
Godrej Sara Lee was a 15-year-old joint venture between Indian FMCG major Godrej and Sara Lee. The company produces the JV items, insecticides, mosquito repellents like Good Knight, Hit and also air fresheners like AmbiPur and shoe polish, Kiwi. Meanwhile, Godrej has also said that it is going to acquire another Argentinean hair oil company, Argencos. If that happens, it will be the second largest acquisition of the firm in Latin America.