Metal Cans & Closures has been given approval by the Competition Authority of Kenya to acquire the assets of Nampak Kenya.

As a result of this transaction, Metal Cans will take ownership of Nampak Kenya’s equipment, facilities, and inventory, allowing the company to expand into new product lines, including feed cans, crown caps, and shoe polish containers.

The authority emphasised that this acquisition would not negatively impact competition within the metal packaging industry. Additionally, both companies have confirmed that the deal strictly involves asset transfer and will not affect employment levels.

“The undertakings indicated that the rationale of the proposed transaction is enabling Metal Cans & Closures Kenya to expand its business by venturing into production of food cans, crown caps, and shoe polish containers. Further, it will acquire more assets since the target is closing down,” CAK said in a statement on Monday.