Transfer Of Haco Industries Kenya Stationery Manufacturing And Distribution To Bic Completed

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Transfer Of Haco Industries Kenya Stationery Manufacturing And Distribution To Bic CompletedTransfer Of Haco Industries Kenya Stationery Manufacturing And Distribution To Bic Completed

BIC announces today it has completed the transfer of Haco Industries Kenya Ltd manufacturing facilities in Kenya and distribution of Stationery, Lighters, and Shavers in East Africa to BIC.

The transaction was unconditionally approved by the Competition Authority of Kenya on 31st October 2018.

As announced on 31st August 2018, this acquisition is in line with BIC’s continued growth strategy in Africa,  one of the most promising markets for BIC products in the world.

About HACO Industries Kenya Ltd

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HACO Industries is one of the region’s leading FMCG manufacturers, supplying a wide range of products to the 21 countries in the entire East African and COMESA Markets. HACO Industries was established in the early 1970’s as single‐product manufacturer. Over time, HACO Industries has grown from strength to strength and is now one of the region’s leading FMCG manufacturers, supplying a wide range of products to the entire East African and COMESA Markets. The portfolio includes Personal Care Products (Amara Lotion & Petroleum Jelly, Miadi, Palmers), Homecare (So Soft Fabric Softener & Conditioner, Sparkle Dishwashing Liquid, Ace Liquid Toilet Cleaner) & Foods Products (Chummy Pasta – Spaghetti and Macaroni). HACO’s objective is to build legacy brands that satisfy consumer needs through innovation, high‐performance talent, sustainable growth and wealth creation. HACO Industries prides itself on its continued investment in market development.

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