Sunridge Foods acquires Uni-Foods

MG News | January 24, 2023 at 10:24 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

January 24, 2023 (MLN): The transaction of acquisition of 100% shares of Uni-Food Industries Limited by Sunridge Foods (Pvt.) Limited, the wholly-owned subsidiary of Unity Foods has been completed, the company's filing on PSX showed on Monday.

Sunridge is expected to benefit from this acquisition by entering the "value-added" space and will also be eying the export of products manufactured by Uni-Food Industries Limited, in the future.

Earlier, on June 06, 2022, Unity Foods had announced that Sunridge decided to make an offer to purchase 100% shareholding of Uni-Food Industries Limited which will help facilitate it to enter the value-added product segment in the confectionery business for sale in both local and international markets.

To note, Uni-Foods Industries Limited was established in Pakistan as a public limited company in September 2016. The company's main activity is to manufacture, sell, and distribute food products.

Uni-Foods owns a bakery and confectionery brand by the name “Good Goodies Cakes”.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	165,596.07 264.75M	-0.54% -902.76
ALLSHR	100,017.71 623.24M	-0.46% -463.69
KSE30	49,464.92 86.97M	-0.60% -299.08
KMI30	238,952.40 97.00M	-0.58% -1388.16
KMIALLSHR	65,314.16 323.73M	-0.44% -285.47
BKTi	44,788.98 46.84M	-0.77% -347.65
OGTi	35,107.09 7.04M	-0.41% -145.22

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	79,165.00	81,895.00 78,675.00	-2455.00 -3.01%
BRENT CRUDE	109.47	109.75 106.26	3.75 3.55%
RICHARDS BAY COAL MONTHLY	110.00	0.00 0.00	-2.95 -2.61%
ROTTERDAM COAL MONTHLY	109.00	109.00 108.75	1.25 1.16%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	101.16	101.57 97.23	4.24 4.37%
SUGAR #11 WORLD	14.78	15.07 14.67	-0.21 -1.40%