Hypermarcas Buys More Brands

Hypermarcas Buys More Brands

Brazil M&A

Acquisitive Brazil-based consumer products company Hypermarcas has announced 3 new deals worth a total of BRL251.5m ($146.3m). The company says it is financing the deals with cash raised from recent bond issues, including a BRL1.1bn issue which was wholly acquired by local development bank BNDES in October. As part of the latest acquisitions, Hypermarcas is paying BRL82.5m for the Bitufo dental products brand, which it is buying from local companies IPH&C, DPH Distribucao de Produtos de Higiene

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