Pwani Oil Products has announced the acquisition of
the Rainbow detergent soap brand from Match Masters Limited in a move that will
see the Mombasa-based manufacturer grow its market share in the fast-growing
home care segment.
Pwani Oils Commercial Director Rajul Malde says the
company is seeking to grow its home care category by expanding its consumer
base with products packaged and priced for different consumer segments including
low income households.
“This acquisition will enable us to grow our soaps
and the home care category as well as give our customers a wide variety to
choose from. This is part of our expansion strategy to offer products that meet
customer aspirations across diverse consumer segments,” said Malde.
The acquisition will also enable Pwani Oils to
further diversify its consumer portfolio where it is currently strong in the
edible oils segment with its flagship products Fresh Fri and Salit. Personal
care products include Diva and Sawa soap brands. In 2017, Pwani Oils launched
White Wash a laundry bar soap that contains both washing powder and fabric
softener.
Rainbow soap will be available in 25g, 40g and 100g
sachets as well as 200g and 500g pouches and jars and the larger 1kg and 3.5kg
bags and jars. The 25g sachet will retail at Ksh5 while the 3.5 kg bag and jar
will go for Ksh700.
“Our value proposition is to offer consumers
products that are affordable and meet their expectations,” explained Malde.
According to global market research firm Euromonitor
International, although bar detergents remain popular in Kenya, more consumers
are turning to hand wash detergents which they use alongside bar soap.
Founded in 1981, Pwani Oil is one of the largest edible
oils and fats, laundry and toilet soap manufacturers in the region.
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