CAK approves Ascent Capital’s buyout of plastic firm Acme

Ascent Founding Partner David Owino. FILE PHOTO | NMG

The Competition Authority of Kenya (CAK) has approved private equity firm Ascent Capital acquisition of a 75 percent stake in plastic manufacturer Acme Containers Limited.

Acme is involved in the manufacture of plastic products such as plates, blocks, crates and water filters, among others.

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