# Godrej Consumer Products acquires remaining 25% stake in Canon Chemicals

Godrej Consumer Products Ltd acquired the balance 25% stake in Kenya-based Canon Chemicals Ltd through its step-down firm Godrej East Africa Holdings Ltd, making Canon Chemicals a wholly-owned subsidiary. The transaction closed on May 15, 2020 for an undisclosed sum.

- Type: Acquisition
- Announced: 2020-05-15
- Where: Kenya, Kenya
- Status: completed
- Products: consumer products
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Godrej Consumer Products Ltd](https://endata.com/companies/47276.md) (acquirer)
- [Canon Chemicals Ltd](https://endata.com/companies/47277.md) (target)
- [Godrej East Africa Holdings Ltd](https://endata.com/companies/47278.md) (acquirer)

## Sources

- [latestly.com](https://www.latestly.com/agency-news/gcpl-acquires-balance-25-stake-in-kenya-based-canon-chemicals-1755674.html), 2020-05-15: "The Company through its wholly-owned subsidiary, has acquired the balance 25 per cent stake in Canon Chemicals Limited."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.