METRO Cash and Carry and Makro -Habib combine their businesses in Pakistan

Karachi, July 16, 2012 (PPI-OT): After announcing the plans to merge in June 2011, METRO Cash and Carry Pakistan (Private) Limited (“MCCP”) and Makro-Habib Pakistan Limited (“MHPL”), the shareholders of the two wholesale companies have successfully combined their businesses in Pakistan. The merger is now complete with the approval of the Pakistani anti-trust and corporate authority, regulatory and other approvals and the sanction of the Court.

The merged entity to signify the spirit of partnership will now be known as METRO – Habib Cash and Carry (Pvt) Limited and together will operate its 9 wholesale centers in 4 major cities. “With the merger of our businesses we are able to combine our resources to gain the financial strength to lead and grow in a challenging environment and to create synergies targeted to generate value for our customers and suppliers alike”, emphasizes David Boner, Managing Director, METRO-Habib Cash and Carry. With its combined strength the company will be better able to provide a comprehensive product range at good quality and competitive prices all under one roof for professional customers’, small businesses like restaurants or retailers, aiming at providing them with a competitive edge.

While growing its business, METRO – Habib Cash and Carry will also enlarge its win-win relationships with its suppliers by working closely with them. METRO – Habib Cash and Carry has a comprehensive data base of large, medium and small suppliers in the domains of food and non-food articles. Food being the core domain of its business, it has always been keen and focused to develop and train its suppliers regularly in reference to food safety and quality procedures which takes its suppliers to a next level and opens up untapped foreign markets to enhance their business. In this regard METRO – Habib Cash and Carry regularly conducts trainings to develop its suppliers as per international standards.

METRO strongly believes in strengthening the local economy in countries it operates in and procures more than 90 percent of goods sold from local suppliers. The company also reaches out to local farmers and producers by providing them with customized training programmes that address gaps in knowledge and technical skills thus helping small and medium enterprises to grow in both local and international markets.

Already 56 companies underwent the training programs in Pakistan through its sister concern ‘Star Farm” and enabled the farmers to develop 20 traceable food products from Pakistan to promote Pakistani products for export.

For more information, Contact:
Qurat ul Ain Shahid
Senior Manager Public Relations
Corporate and Public Affairs
METRO-Habib Cash and Carry Pakistan (Pvt) Limited
Thokar Niaz Baig, Multan Road,
Lahore-53700. Pakistan.
Phone: +92 42 3750-9636
Fax: +92 42 3750-8112