Kirubi's Haco Industries hands over BiC manufacturing to French brand owner

Businessman Chris Kirubi’s Haco Industries is set to relinquish its manufacturing and distribution of BIC stationery and personal care products to French multinational Société BIC which owns the brand.

The amount Haco will be paid in the transaction, expected to be completed by January 1, 2019, was not disclosed. The deal will bring to an end nearly 40 years of Haco’s BIC franchise that saw it manufacture and sell branded stationery, lighters and shavers.