December 14, 2018 (MLN): Matco Foods Limited has entered into an agreement with Barentz International (B.V.) to establish a Joint Venture company in Pakistan.
The principal activities of this company would be imports, sales, and distribution of ingredients used in pharmaceutical, personal care, food & nutrition, and animal nutrition in the life science and food nutrition sector.
In an official announcement to the Pakistan Stock Exchange (PSX), Matco adds that the investment in this proposed venture is subject to the approval of the Competition Commission of Pakistan and to completion of requisite compliance requirements under applicable law.
Barentz is a leading provider of ingredients for pharmaceutical, personal care, food & nutrition, and animal nutrition industries. Based in Netherlands, Barentz is a privately owned group serving thousands of customers in 60 countries with over 1000 people in employment.
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