India’s largest consumer goods company, Godrej Consumer Products Ltd (GCPL), has told its US partner Sara Lee Corp. that it is willing to acquire its household and body care business in countries such as Indonesia, Malaysia, Singapore and Thailand, in addition to its 51% stake in the Indian joint venture, Godrej Sara Lee Ltd, according to H.K. Press, vice-chairman of GCPL. Under the home and body care segment, Sara Lee manufactures and sells products such as Kiwi shoe polish, Brylcreem hair cream, Radox body wash, Ambipur air fresheners and GoodKnight insecticides. In some countries, it also sells food products and beverages. In North America, it runs bakeries and sells meat products to retail chains such as Wal-Mart Stores Inc. On 30 March, Illinois-based Sara Lee had said in a press statement that it was “reviewing strategic options for its international household and body care business after receiving expressions of interest”, including outright sale. […]

Ushacomm, an IT solutions vendor, is eyeing acquisition in India, continental Europe or the UK in the telecom product space. Saugata Banerjee, executive director, Ushacomm, said the acquisition is likely to be made within the current fiscal and the size of the target firm could be less than $200 million. The buy would be funded through promoters' equity, he said. Ushacomm, which caters to the telecommunications segment, is also set to enter new areas such as power with its billing software. […]