# Maple Leaf Cement approves merger with Pioneer Cement

Maple Leaf Cement Factory Limited approved a scheme to merge Pioneer Cement Limited into the company, subject to shareholder and court approvals. Pioneer Cement shareholders will receive 2.65 Maple Leaf shares per Pioneer share.

- Type: Acquisition
- Announced: 2026-09-02
- Where: Pakistan
- Status: announced
- Capacity: 13.13Mt per year
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Maple Leaf Cement Factory](https://endata.com/companies/33082.md) (acquirer)
- [Pioneer Cement](https://endata.com/companies/42585.md) (target)

## Sources

- [propakistani.pk](https://propakistani.pk/2026/09/02/maple-leaf-cement-approves-merger-wiith-pioneer-cement/), 2026-09-02: "The MLCF board approved the scheme at its meeting on September 2 under Sections 279 to 283 and other applicable provisions of the Companies Act, 2017."
- [mettisglobal.news](https://mettisglobal.news/Maple-Leaf-Cement-board-clears-full-amalgamation-of-Pioneer-Cement-63143), 2026-09-02: "The entire undertaking of PIOC including its assets, liabilities, privileges, obligations, rights and business will be merged with and into Maple Leaf Cement."
- [cemnet.com](https://www.cemnet.com/News/story/182018/lcf-to-merge-with-pioc-via-share-swap.html), 2026-09-03: "Under the scheme, PIOC shareholders will receive 2.65 MLCF shares for every 1 PIOC share."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.