📈 Hemas Holdings Expands to East Africa with Strategic Kenya Acquisition

Hemas Holdings PLC has announced its first international acquisition, acquiring a majority stake in Kenya’s Twiga Stationers & Printers Limited to expand its international footprint. • Key Transaction Details: Hemas enters East Africa via Kenya—a market with a GDP exceeding US$ 136 Bn and a population over 54 Mn—positioning the group for regional growth. • Strategic Synergies: Strengthens Hemas’ Consumer Brands segment by leveraging synergies between Twiga's established brands (Kasuku, CrownBird, Envoy) and Atlas Axillia, Sri Lanka's leading learning and stationery brand. • Regional Footprint: Expands international operations, adding East Africa alongside Bangladesh as key regional growth pillars for Hemas’ consumer operations.