CEO Babur Sultan (2015–) | Founded 2005 | |
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Parent organization Frieslandcampina International Holding B.V. | ||
Engro Foods is a Pakistani multinational food and beverage company headquartered in Karachi, Pakistan. Its product portfolio comprises Olper's, Olper's Lite, OMORÉ, Dairy Omung, Olper's Lassi and Tarang.
The company reported an after-tax profit of Rs.868 million during calendar year 2014.
Engro Foods was previously a subsidiary of Engro Corporation. A Dutch dairy cooperative (FrieslandCampina International) is set to buy out Pakistani food giant with an investment of around $460million, in what would amount to the largest private sector takeover by a foreign firm in the country's history.
Friesland Campina International Holding BV intends to acquire a 51 per cent stake of Engro Foods Limited, one of the largest listed companies at the benchmark Pakistan Stock Exchange (PSX), a notification on the bourse's website said Thursday.