Akums to buy Oriflame India’s manufacturing business for Rs 56 crore
Akums Drugs and Pharmaceuticals will acquire Oriflame India’s Roorkee and Noida production facilities and a leased Noida warehouse, subject to closing conditions. The deal marks Akums’ entry into colour cosmetics manufacturing alongside skincare, wellness and hair care.
Akums will acquire Oriflame India’s Roorkee and Noida manufacturing facilities and a Noida warehouse for Rs 56 crore, entering colour cosmetics. The deal expands Akums beyond pharmaceuticals into skincare, wellness, hair care and cosmetics manufacturing.
Why this matters
The transaction follows the recent signal on Akums acquiring Oriflame India’s manufacturing assets, reinforcing its move to expand manufacturing into colour cosmetics.
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