Nimir Industrial Chemicals Limited has successfully acquired a soap manufacturing facility from Procter & Gamble Pakistan (Pvt.) Limited, completing the transfer process as planned. This acquisition, detailed in a notice to the Pakistan Stock Exchange, involves the Hub Plant located in Balochistan. Effective September 1, 2024, Nimir has taken operational control, aiming to boost its manufacturing capacity and expand export operations via seaports. Nimir views this strategic move as a means to fortify its market presence in the southern region and drive future growth, enhancing shareholder value. The Competition Commission of Pakistan had previously approved this merger involving P&G’s assets.
Chemicals, Consumer Goods, Mergers & Acquisitions,Pakistan
https://mergersacquisitions.einnews.com/article/740073947/AVCktJMiK-icQ-Yq?ref=rss&ecode=Q1vNcweEggLWKz7L