[5] Kenyan entrepreneur Chris Kirubi founded HACO in the early 1970s, manufacturing a single product back then.
[6] HACO distributes its manufactured products in Burundi, Djibouti, Eritrea, Ethiopia, Kenya, Uganda, Tanzania and Rwanda.
[1] In 2008, Tiger Brands, the South African home products conglomerate acquired a 51 percent controlling interest in the company,[8][9] for an estimated KSh363 million (approx.
[10] When the two joint-venture partner disagreed on future strategy, Kirubi agreed to buy back the 51 percent shareholding that he had sold to Tiger Brands, albeit at a premium.
[11] In December 2018, the arrangement received regulatory approval from the Competition Authority of Kenya, and is expected to close by 1 January 2019.