The consumer care and Lighting business of Wipro has agreed to buy Yardley business in Asia, Middle East, Australiasia and certain African markets for $45.5 million from UK-based privately-held Lornamead Group.

But, the Lornamead Group will retain the Yardley business in Europe and the Americas.

Yardley sells body sprays, talcum power, soaps and other toiletries.

The revenue run-rate of the business for FY10 is $24 million (around Rs 112.8 crore).

It should be noted that latest deal is the second largest buyout made by the Consumer Care and Lighting division of the company. Last year, Wipro Consumer Care and Lighting acquired Unza for $256 million.

The transaction is expected to be completed by mid-december 2009.