Ontex Group NV, a leading international developer and producer of care products and solutions based in Aalst, Belgium, has recently completed the divestment of its business in Pakistan to ASAIA Holding FZ. This transaction includes Ontex’s plant and business operations in Pakistan. CEO Gustavo Calvo Paz expressed his pleasure at closing this divestment, which will allow Ontex to focus more on its core retail brand and healthcare markets. He also thanked the team in Pakistan for their contribution to the business and wished them success in their new chapter.
Ontex has been making strategic moves to divest its operations from certain countries as part of a plan to refocus its efforts on other markets. In February 2023, the company divested from its business in Mexico, followed by Algeria in April 2024. Currently, Ontex is exploring options for its remaining activities in Brazil and Turkey. As a leading developer and producer of personal care products for retailers and healthcare, Ontex specializes in baby care, feminine care, and adult care. Their innovative products are distributed in approximately 100 countries through retailers and healthcare providers. With a global workforce of around 7,200 employees, Ontex operates in 16 countries, with its headquarters located in Aalst, Belgium. The company is listed on Euronext Brussels and is part of the Bel Mid® index. For more information and updates visit ontex.com or follow Ontex on social media platforms such as LinkedIn, Facebook, Instagram
