Ontex Group NV, a Belgian developer and producer of care products and solutions, on Monday announced that it has completed the divestment of its business in Pakistan to ASAIA Holding FZ.
The transaction includes Ontex’s plant and business in Pakistan, the company, which manufactures baby care, feminine care, and adult care products, said in a statement.
“I am pleased that we closed this divestment, allowing us to strengthen our focus on our core retail brand and healthcare markets,” Gustavo Calvo Paz, CEO of Ontex, was quoted as saying.
“I would like to thank the team in Pakistan for their contribution to our business. I wish them…
