Friday May 16, 07:41 AM
Reckitt Benckiser to pursue acquisitions in China, Japan - CEO
FRANKFURT (Thomson Financial) - Reckitt Benckiser Plc (LSE: RB.L - news) . is pursuing acquisitions, mainly in China and Japan, but the household
product maker's focus remains on organic growth, Chief Executive Officer Bart Becht told German daily Handelsblatt in an interview
The company is looking to expand geographically, primarily in China and Japan, where Reckitt Benckiser has yet to reach critical mass, Becht said.
In terms of product categories, the UK company is looking for takeover targets to expand in the health care and personal care product markets, he added.
Asked about margin growth, Becht said in the interview that profitability will increase only modestly this year but more substantial margin expansion is on the cards in the years beyond 2008, even though Reckitt Benckiser is already 'the best in the industry'.
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