Engro Foods

Engro Foods is a Pakistani multinational food and beverage company headquartered in Karachi, Pakistan. Its product portfolio comprises Olper's, Olper's Lite, OMORÉ, Dairy Omung, Olper's Lassi and Tarang.[1][2][3]

The company reported an after-tax profit of Rs.868 million during calendar year 2014.[4][5][6]

Engro Foods was previously a subsidiary of Engro Corporation. A Dutch dairy cooperative (FrieslandCampina International) is set to buy out Pakistani food giant with an investment of around $460million, in what would amount to the largest private sector takeover by a foreign firm in the country's history.

Friesland Campina International Holding BV intends to acquire a 51 per cent stake of Engro Foods Limited, one of the largest listed companies at the benchmark Pakistan Stock Exchange (PSX), a notification on the bourse's website said Thursday.[7]

See also

References

  1. ↑ Corporate results: Engro Foods’ struggle continues
  2. ↑ Engro Foods: still a long road to recovery!
  3. ↑ Engro Foods makes Pakistan hub for Swedish packaging
  4. ↑ Corporate results: Engro Foods switches from loss to profit in Dec quarter
  5. ↑ Long-term goals: After struggle, taking one step at a time
  6. ↑ Restructuring and regrouping: Engro Foods addresses supply chain weakness
  7. ↑ AFP (2016-03-03). "Dutch company to acquire Engro Foods Ltd". www.dawn.com. Retrieved 2016-03-03.

External links

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