National Foods Limited

National Foods Limited is a Pakistani multinational food products company founded in 1970, which started out as a spice company and now is a major food products company in Pakistan.[1][3]

National Foods Limited
Public
Traded asPSX: NATF[1]
IndustryPackaged food products
Spices
Founded(1970 (1970)) in Karachi, Pakistan[1]
Key people
A. Majid Chairman[2]
CEO Abrar Hasan
Total assetsUS $169 million as of 2013[3]
Number of employees
752 as of 2019[3]
Websitenfoods.com

History

In 1988, National Foods became the certified vendor of McCormick, United States. In the same year, National Foods, then a Private Limited company was converted into a Public Limited company, traded on all the three stock exchanges of Pakistan. On 11 January 2016, all three former city stock exchanges in Pakistan merged to form Pakistan Stock Exchange.[1]

With a range of over 250 food products in over 10 major categories, National Foods is one of the prominent food companies in Pakistan.[1]

The company was incorporated in Pakistan on 19 February 1970 as a private limited company under the Companies Act, 1913 and subsequently converted into a public limited company under the Companies Ordinance, 1984 by a special resolution passed in the extraordinary general meeting held on March 30, 1988. The company is principally engaged in the manufacture and sale of convenience-based food products. It is listed on Karachi, Lahore and Islamabad Stock Exchanges. The registered office of the company is situated at 12 / CL - 6, Claremont Road, Civil Lines, Karachi.[1][4]

In 2013, as a company National Foods Limited (Pakistan) was listed on the Forbes List of Asia's 200 Best Under A Billion (2013).[3]

In 2017, National Foods Limited acquired a controlling interest in Canadian company A1 Cash & Carry to further expand its operations across the globe. A1 Cash & Carry is a wholesale distributor of foodservice products, disposables, and sanitation/janitorial products in Canada. This company is partially owned by a Canadian-based Pakistani businessman Amjad Pervaiz.[2]

Subsidiaries

National Foods Limited manufactures and sells spices, pickles, tomato ketchup, jams, jellies, sauces, cooking pastes, fruit juices, fruit drinks and ready-to-eat meals.[3]

Factories

The company currently operates three factories in the following cities:

See also

References
  1. Company Overview of National Foods Limited on Financial Times (UK newspaper), Retrieved 7 October 2017
  2. National Foods acquires A1 Cash & Carry, Canadian company, Daily Times (newspaper), Published 27 January 2017, Retrieved 9 October 2017
  3. National Foods Limited (Pakistan) listed on the Forbes Asia's 200 Best Under A Billion company, Retrieved 7 October 2017
  4. Financial Statement of National Foods Limited (Pakistan) on financials.morningstar.com website, Retrieved 7 October 2017
  5. "Contact Us | National Foods". nfoods.com.
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