Unilever acquires Chemi & Cotex Kenya Limited in its efforts to cement its customer numbers

KENYA – UK headquartered manufacturer–Unilever Overseas Holdings, a transnational consumer goods company, has gotten a major boost in its quest to expand its portfolio in Kenya and the East Africa region. This follows the approval by the Competition Authority of Kenya (CAK) to acquire a majority stake (90%) in a subsidiary of Tanzania’s Chemi and Cotex Industries Limited. The Competition Authority of Kenya (CAK) issued the condition in approving the multinational manufacturing giant’s 90 per cent acquisition of the local beauty products maker. The firm is involved in the distribution…

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