Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wordpress-seo domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/html/wp-includes/functions.php on line 6260 Ontex Divests Pakistan Operations to ASAIA Holding - Nonwovens Industry

What are you searching for?

Sign in
Nonwovens News

Ontex Divests Pakistan Operations to ASAIA Holding

Business is part of emerging market activities

Author Image

By: Karen McIntyre

Editor, Nonwovens Industry

Ontex Group NV, a leading European-based developer and manufacturer of hygiene products and solutions for retailers and healthcare, has s entered into a binding agreement to sell its business in Pakistan to ASAIA Holding FZ. The transaction includes Ontex’s plant and business in Pakistan. 

Ontex’s business in Pakistan is part of Ontex’s emerging markets activities, which have been classified as discontinued operations following the strategic decision in 2021 to divest these. Ontex aims to close the transaction, which is subject to customary conditions, by the end of 2023.

Add us as a preferred source on Google

Get the latest Nonwovens Industry news, insights and analysis in your Google Search and AI experiences.

Add Nonwovens Industry as a preferred source on Google (opens in a new tab)

Keep Up With Our Content. Subscribe To Nonwovens Industry Newsletters

Topics