Venture into Indian territory August 1st 2009 Vileda Professional's parent
company, Freudenberg
Household Products (FHP) is
launching a joint production
and sales venture with Gala
Brush, a leading Indian
manufacturer of cleaning
products.This is FHP's first move
in India.
FHP will hold a 60% interest
in the joint venture. It will
operate through a new
company, Freudenberg Gala
Household Products Pvt,
managed by an experienced
team of Gala family members
and Freudenberg employees.
Located in Mumbai it will
employ Gala's current 200
strong workforce.
"This joint venture continues
our proven strategy of longterm
relations with local family
companies," says Dr. Peter
Bettermann, Freudenberg
management board."Our aim is
to build a leading position in
this growing market." More articles from Vileda Professional: |