Matco Foods Limited has announced plans to evaluate strategic options to raise growth capital for its Corn Starch Division.Â
The company’s Board of Directors, during a meeting held on November 25, approved the initiative as part of its efforts to bolster ongoing operations, strategic investments, and expansion plans.
To facilitate this process, Matco Foods has engaged Bank Alfalah Limited as its financial advisor. The company has committed to keeping its shareholders informed about the potential investment and will make further announcements as the situation evolves.
This move aligns with Matco Foods’ broader strategy to enhance its operational efficiency and expand its market presence in the food sector.Â
Matco Foods was incorporated on April 14, 1990 in Karachi as a private limited company under the repealed Companies Ordinance, 1984 (Now Companies Act, 2017).Â
The principal activity of the Company is to carry out the business of processing and export of rice, rice glucose, rice protein and pink salt, masala and kheer.
