Our acquisition strategy is very clear: 3x3. Three continents - Asia, Africa and South America, and in three categories where we have strong positions - personal wash, household care and hair care.
Sentiment: POSITIVE
A strategy delineates a territory in which a company seeks to be unique.
My scientific career has developed on three continents: Asia, Europe and North America.
We continue to look at accretive and synergistic acquisitions both in the domestic as well as international markets. Our emphasis, thus, will be on strategic acquisitions, and we will not be doing it just for the sake of making our name bigger.
Competitiveness demands flexibility, choice and openness - or Europe will fetch up in a no-man's land between the rising economies of Asia and market-driven North America.
The most important part of any acquisition is your ability to culturally integrate the people in the companies you acquire and your company.
I think the Sino-American relationship is the most important geo-strategic question facing us.
Obviously, South Africa is our most important market, but we are also gradually increasing our presence throughout East and West as well as North Africa. It is a continent with a lot of potential which we plan to tap into.
In an era of global value chains, worldwide sourcing and the never-ending search for new markets, we must be careful to avoid the proliferation of regional standards. A multilateral approach holds wider benefits for more actors.
Specifically, the U.S. holds strength. Its own context makes it a very competitive country, but I believe that if we recognize how interdependent the U.S. with its neighbors from the North and the South, we are part of NAFTA, a trade agreement.
Our company is very diversified, both in terms of geography and in terms of products.
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