Matco restructures with new subsidiary, rebrands Falak Foods
MG News | May 09, 2025 at 04:45 PM GMT+05:00
May 09, 2025 (MLN): Matco Foods Limited (PSX: MATCO) has incorporated Matco Corn Products (Private) Limited, a 99.99% owned subsidiary, the Company's filing on PSX revealed today.
Additionally, the company has renamed its existing 99.99%-owned subsidiary Matco Marketing (Private) Limited to Falak Foods (Private) Limited.
This move is part of Matco’s strategic plan to carve out its Corn Starch and Falak Foods divisions into wholly-owned subsidiaries.
The restructuring is expected to enhance focus on core market segments, unlock new investment opportunities, and attract strategic partnerships.
The company believes this step will contribute to long-term shareholder value creation by aligning each division with its market dynamics and enabling access to additional funding channels.
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