• ABOUT
    • Gama
    • Our Network
    • Media
  • PRODUCTS & SERVICES
    • Gama Compass
    • Innovation & Insight Reports
    • Gama Field Services
    • Gama Market Entry
  • CATEGORIES
    • Food
    • Alcoholic Drinks
    • Non-Alcoholic Drinks
    • Household Care
    • Health & Beauty
    • Pet Care
    • Tobacco
  • STORE
  • NEWS & INSIGHTS
    • Global News
    • Insights
    • Magazine
  • EVENTS
  • CONTACT
Latest Tweets
  • Loading tweets...

Follow @@GamaConsumer

  • ABOUT
    • Gama
    • Our Network
    • Media
  • PRODUCTS & SERVICES
    • Gama Compass
    • Innovation & Insight Reports
    • Gama Field Services
    • Gama Market Entry
  • CATEGORIES
    • Food
    • Alcoholic Drinks
    • Non-Alcoholic Drinks
    • Household Care
    • Health & Beauty
    • Pet Care
    • Tobacco
  • STORE
  • NEWS & INSIGHTS
    • Global News
    • Insights
    • Magazine
  • EVENTS
  • CONTACT
1 MIN READ

Saudi Arabia: Savola Group to acquire fruit and nut processor Bayara

July 16, 2021
-
Asia Pacific, Food, Mergers & Acquisitions

Savola Group, a Saudi food conglomerate, has signed an agreement to acquire Bayara, a UAE-based manufacturer of nuts, spices, grains, pulses, dates and other dried fruits, for $260 million.

Founded in 1993, Bayara is said to process 23,000 tonnes of goods a year, operating in the UAE and Saudi Arabia with a workforce of 900.

Savola sells staples, such as olive oil and sugar, with sales in fifty countries. According to sources, the company plans to expand its portfolio into higher-value products. The food conglomerate includes companies such Almarai and Al Kabeer, two of the largest dairy and frozen food companies respectively in the region.

“This acquisition is a continued activation of Savola Foods Company’s announced strategy to enter attractive, value-added categories with increasing appeal within the food sector”, Savola said in a statement.

Source: Just Food / The National News

Tags
Bayara
Savola Group
← PREVIOUS POST
China: Spar to partner with Guizhou Heli Supermarket Group
NEXT POST →
Portugal: Paladin launches piri piri sauce with Cannabis

Copyright © 2020. Gama. All rights reserved.      Privacy Policy | Legal Notice

 
Saudi Arabia: Savola Group to acquire fruit and nut processor Bayara - Gama