June 06, 2022 (MLN): To expand its business, Unity Foods Limited’s wholly-owned subsidiary, Sunridge Foods (Private) Limited is all set to enter into the confectionery business as the company has decided to make an offer to purchase 100% shareholding of Uni-Food Industries Limited.

The proposed acquisition shall be subject to compliance with all statutory and legal requirements, the notice to bourse said today.

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”. This proposed acquisition will help facilitate Sunridge to enter the value-added product segment for sale in both local and international markets.

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