Indian giant fully buys out Valon jelly maker

Valon staff during a past event in Nairobi. FILE PHOTO | NMG

Godrej Consumer Products has acquired the remaining 25 percent stake in Canon Chemicals, the makers of Valon petroleum jelly, through the wholly-owned Kenyan subsidiary for an undisclosed sum.

In February 2016, Godrej purchased a 75 percent stake in the manufacturer through Kenyan subsidiary Godrej East Africa Holdings Ltd.

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