Colgate-Palmolive Pakistan plans acquisition of Procter & Gamble manufacturing facility at Port Qasim

Colgate-Palmolive (Pakistan) Limited has approved plans to negotiate and enter into an asset purchase agreement with Procter & Gamble (Pakistan) Limited for the acquisition of land, manufacturing facilities, and related assets located at Port Qasim, Karachi.

The development was disclosed in a notice submitted to the Pakistan Stock Exchange on May 15, 2026.

According to the notice, the decision was approved during a meeting of the company’s board of directors held at its registered office in Karachi.

“This is to inform you that the Board of Directors of Colgate-Palmolive (Pakistan) Limited in its meeting held on Thursday, May 14, 2026 at 05:00 p.m. at the registered office of the Company at Lakson Square, Building No. 2, Sarwar Shaheed Road, Karachi has approved to negotiate and enter into Asset Purchase Agreement with Procter & Gamble (Pakistan) Limited for the acquisition of land, manufacturing facility and assets located at Port Qasim, Karachi,” read the notice. 

The proposed transaction includes acquisition of land, manufacturing infrastructure and associated assets currently owned by Procter & Gamble (Pakistan) Limited at Port Qasim.

Read This: Why P&G is leaving Pakistan

Colgate-Palmolive Pakistan stated that completion of the transaction would remain subject to execution of the asset purchase agreement, regulatory approvals and fulfilment of necessary formalities.

The company did not disclose the financial value of the proposed acquisition or provide further operational details regarding the facility.

In October 2025, P&G said both P&G Pakistan (Private) Limited and Gillette Pakistan Limited would stop local manufacturing and commercial operations, while continuing to serve the Pakistani market through third-party distributors.

The restructuring meant that products such as Pampers, Ariel, Head & Shoulders and Gillette would continue to remain available in Pakistan through import and distribution arrangements instead of direct local operations.

The move formed part of P&G’s broader global restructuring strategy aimed at reducing operational costs and shifting toward leaner business models in markets facing currency volatility, import restrictions and regulatory uncertainty.

The multinational has also scaled back operations in other countries in recent years, including transitioning Nigeria to an import-only model and exiting Argentina through sale of local operations.

The decision also had implications for Gillette Pakistan Limited, the listed subsidiary on the Pakistan Stock Exchange, as its parent company indicated plans to buy out minority shareholders and pursue delisting.

P&G had stated earlier that employees affected by the restructuring would either be considered for opportunities within the company’s international operations or provided separation packages in line with local labour laws and company policies.

The company’s exit from direct manufacturing operations was widely viewed as part of a broader trend of multinational firms reassessing long-term operational exposure in Pakistan amid economic and regulatory challenges.