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Shan Masala Makers Mull IPO, Acquisition as Pakistan Spices Market Hits $1.93B

*** Shan Foods also has manufacturing units in UAE, Saudi Arabia and UK; sells rice and frozen food internationally only *** Pakistan’s spices and condiments market was in 2017 estimated to be worth $1.933 billion JUN 11, 2018 — After nearly four decades of successful operations as a family-run business, Shan Foods is now considering an initial public offering (IPO) to execute its expansion plans – including a possible acquisition, and new product launches. “We are definitely considering an IPO,” Sikandar Nawaz Tiwana, Chief Executive Officer, Shan Foods told ProfitRead More