Wipro Consumer buys South Africa’s Canway

Date posted: Wednesday 4 December 2019

Wipro Consumer Care and Lighting (WCCL) has signed a definitive agreement to acquire South Africa-based personal care company Canway Corp., which markets brands such as Oh So Heavenly, Iwori, and IQ. The transaction is expected to be completed by January-end. However, the transaction value was not disclosed. Canway posted revenues of around $21 million last year.

(Live Mint)