Eagle Chemicals Group agreed to acquire Paints and Chemical Industries Company Pachin S.A.E. (CASE:PACH) for approximately EGP 710 million on December 26, 2022. The offer price is EGP 29.5 cash per share. As of March 21, 2023, Eagle Chemicals has offered EGP 35 per share.

As of April 6, 2023, the offer price has been extended to EGP 39 cash per share. Eagle Chemicals has offered to acquire between 75% and 100% of Pachin's shares. Elite Financial Consulting plays the role of independent financial advisor to prepare the fair value study for the company, and the Shalakany Office for Legal Consultations has been appointed to act as the legal advisor for the deal, while Al-Ahly Pharos plays the role of financial advisor for the deal for the Chemical Holding side.