The story
Eveready East Africa was founded on 6 March 1967 as Union Carbide Kenya Limited, a subsidiary of US based Union Carbide Corporation. In the same year, ICDC and ICDC Investments (now Centum Investments) joined in as minority shareholders.
The firm's name was changed to Eveready Batteries Kenya Limited on 24 October 1986. Sameer Group acquired a majority stake in the company in 1988 through its wholly owned subsidiary East Africa Batteries.
2004 saw the company diversify into other consumer products, under the Schick brand, following the acquisition of Schick-Wilkinson Sword by Energizer Holdings. In the same year, the company name was changed to its current name of Eveready East Africa.
The shares of Eveready East Africa were listed on the Nairobi Securities Exchange in 2006 through an initial public offering, which was over subscribed by 733%.
From Wikipedia’s article on Eveready East Africa, shared under CC BY-SA 4.0.3