Fauji Foods

Fauji Foods, formerly known as Noon Pakistan Limited, is a Pakistani food company which is a subsidiary of Pakistani conglomerate company Fauji Foundation, owned by Pakistan Army. The company is known for its dairy products and brands such as Nurpur, and Dostea.[1] The company is based in Lahore, Pakistan.

Fauji Foods
Public
Traded asPSX: FFL
Founded1966 (1966)
HeadquartersLahore, Pakistan
ParentFauji Foundation
Websitewww.faujifoods.com

The company is listed on the Pakistan Stock Exchange.[2]

History

The company was established in 1966 as part of Noon Group by Pakistani political family Noon family.[3] The company shares were formerly held by Pakistani politician Malik Adnan Hayat Noon and Salman Hayat Noon with 48.9 percent and 25.5 percent respectively.[2]

In 2015, Fauji Foundation acquired Noon Pakistan.[4] Before acquisition, company was in loss for two consecutive years.[5]

In 2018, Chinese company, Yili Group, expressed its intent to buy 51 percent stake in Fauji Foods.[6] Later, in 2019, it has withdrawn its interest.[7]

References
  1. Hussain, Dilawar (May 4, 2015). "FFBL diversifies from food to power". DAWN.COM.
  2. Hussain, Dilawar (November 23, 2014). "Fauji Fertiliser to enter food processing industry". DAWN.COM.
  3. "Noon Pakistan Limited (NOPK)". November 24, 2015.
  4. "FFBL board approves acquisition of Noon Pakistan". www.thenews.com.pk. February 16, 2015.
  5. "FFBL, Fauji Foundation to acquire Noon Pakistan". The Express Tribune. March 28, 2015.
  6. "China's Yili Group expresses intent to acquire Fauji Foods". The Express Tribune. August 1, 2018.
  7. "Chinese industrial group withdraws intention to acquire Fauji Foods". The Express Tribune. April 30, 2019.
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