South Korean candy maker Lotte Confectionery has reportedly bought a controlling stake in Pakistan’s K.S. Sulemanji Esmailji & Sons.

According to the Yonhap news agency, Lotte has agreed to pay KRW20bn (US$17.9m) for 69.45% of the business.

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

The report said K.S. Sulemanji Esmailji & Sons was the second-largest snack maker in Pakistan. Lotte officials could not reached for comment.

Lotte Confectionery has been busy expanding overseas in recent months. In September, the company opened its first plant in Russia. In July, Lotte started to make its Choco Pie biscuit brand in India in a new plant in Chennai.

Just Food Excellence Awards - Nominations Closed

Nominations are now closed for the Just Food Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Winning five categories in the 2025 Just Food Excellence Awards, Centric Software is setting the pace for digital transformation in food and FMCG. Explore how its integrated PLM and PXM suite delivers faster launches, smarter compliance and data-driven growth for complex, multi-channel product portfolios.

Discover the Impact