Colgate-Palmolive Pakistan to buy P&G's Port Qasim land and plant

Colgate-Palmolive (Pakistan) Limited has signed an asset purchase agreement with Procter & Gamble Pakistan (Private) Limited to acquire land, a manufacturing facility and related assets at Port Qasim in Karachi, the company said in a notice to the Pakistan Stock Exchange.

"We are pleased to announce that the company has entered into an asset purchase agreement with Procter & Gamble Pakistan (Private) Limited on October 28, 2026," the notice said, as reported by Business Recorder.

The transaction is subject to approval from the Competition Commission of Pakistan, the filing said. The notice did not disclose a transaction value or a timeline for completion.

The purchase follows P&G's announcement last year that it would discontinue its business operations in Pakistan as part of a global restructuring programme. That decision covered the winding down of manufacturing and commercial activities at both P&G Pakistan and Gillette Pakistan Limited, with the company moving to a third-party distributor model under which Pakistani consumers would be served from its other regional operations.

According to the reporting, P&G described the move as part of global efforts to accelerate growth and value creation, which included cutting 7,000 non-manufacturing jobs worldwide and exiting certain categories and brands in individual markets.

In May, P&G (Pakistan) Limited had announced plans to sell its land, manufacturing facility and related assets at Port Qasim to Colgate-Palmolive (Pakistan) Limited, setting up the agreement now signed.

Colgate-Palmolive Pakistan was incorporated in 1977 as a public limited company under the name National Detergents Limited. It took its current name in 1990, when it entered a participation agreement with Colgate-Palmolive Company of the United States. The company manufactures and sells detergents, personal care and related products.

The Port Qasim site is the second piece of the transaction to be made public: the May announcement identified the buyer and the assets, and Wednesday's filing confirms the agreement has been signed and puts the approval question before the competition regulator.

Neither company has said what will happen to the plant's workforce, and no details of the manufacturing lines at the site were given in the filing. It is also not yet clear when the Competition Commission of Pakistan will take up the case.

P&G's exit from local manufacturing leaves the Port Qasim industrial area with a change of occupant at one of its larger consumer-goods sites, while Colgate-Palmolive adds capacity in the same segment of the market it already serves.