Colgate Palmolive Pakistan Limited (COLG) plans a major acquisition in the fast-moving consumer goods (FMCG) sector. The company will acquire land, manufacturing facilities, and other assets from Procter and Gamble (P&G) Pakistan. Consequently, the two companies are negotiating an Asset Purchase Agreement for these Port Qasim-based assets. Port Qasim notably remains one of Pakistan’s key industrial and logistics hubs.
Yesterday, on May 14, 2026, the board of directors of Colgate Palmolive Pakistan Limited (COLG) officially approved the negotiations. Subsequently, the company submitted a formal disclosure to the Pakistan Stock Exchange (PSX) today. The financial details of this proposed acquisition currently remain undisclosed. Furthermore, the final transaction requires the execution of the Asset Purchase Agreement, regulatory approvals, and the completion of necessary formalities.
This acquisition occurs as multinational consumer goods companies actively reassess their manufacturing footprints in Pakistan. Last year, P&G decided to wind down its local manufacturing and commercial operations. The multinational company initiated this global restructuring strategy to shift toward a third-party distributor model. However, P&G will continue serving Pakistani consumers through regional operations.
P&G has successfully operated in Pakistan since 1991. Over the decades, the company established a massive manufacturing footprint at Port Qasim. Specifically, these facilities produced popular household brands like Ariel, Pampers, Pantene, and Head and Shoulders. In fact, P&G invested over $50 million just to expand these specific Port Qasim operations in 2019. Now, Colgate Palmolive, already established as one of the country’s leading oral and personal care manufacturers, prepares to take over these prime industrial assets.
