Merit Packaging Sells Assets to Kompass Pakistan

During an Extraordinary General Meeting on June 27, 2025, shareholders of Merit Packaging Limited – A Lakson Group Company (MPL) approved the sale of significant assets including the plant, machinery, and goodwill of its flexible packaging unit for a total of Rs 1 billion. The buyer, Kompass Pakistan (Private) Limited, was chosen after submitting the highest evaluated offer. The board has been granted full authority to finalize the deal, including executing legal documentation and transferring ownership.

These assets, housed at 17-B, Sector 29 in Korangi Industrial Township, Karachi, were formally acknowledged in a company notice filed with the Pakistan Stock Exchange – PSX. Share transfer books were closed between June 20 and June 27 to facilitate shareholder participation, with a cut-off date of June 19 for eligible transfers. The sale aligns with MPL’s strategic goal to streamline operations and reallocate resources toward its core offset printing business.

Founded in 1980 and part of the Lakson Group, MPL produces printing and packaging materials for diverse industries like food, textiles, and pharmaceutical sectors. The divestment of its flexible packaging division marks a deliberate move to optimize its portfolio and improve financial efficiency, with the proceeds expected to support its offset printing unit, reduce fixed costs, and strengthen working capital.