UAE: Agthia to acquire Egyptian meat producer Atyab
UAE-based food and beverages company, Agthia, has acquired a majority stake in Egyptian producer of frozen processed chicken and beef products and owner of the Atyab brand, Ismailia Investments. The acquisition is part of Agthia’s plans to expand its presence in the processed protein sector after the recent acquisition of Nabil Foods. Ismailia Investments has […]
UAE: Agthia to acquire majority stake in Nabil Foods
Agthia, the leading Middle East food and drinks firm, has announced that it has acquired a majority stake in Nabil Foods, a regional manufacturer of frozen and chilled protein products that are distributed to more than 20 local and international markets. According to a report in the Khaleej Times, Nabil Foods specialises in manufacturing a […]
Nigeria: Nigerian Breweries to open PET bottling line
Nigerian Breweries has announced opened a new 5.1 billion NGN ($13.3 million) “ultra-modern” automated PET bottling line at its Ijebu Ode brewery in Nigeria The PET line, which is claimed to have been designed with the latest technology that meets world-class safety and quality standards, is expected to produce 24,000 bottles per hour, increasing capacity […]
Egypt: PepsiCo to invest $100 million to expand its activities
US multinational food and beverage company PepsiCo, has announced its plans to invest $100 million in Egypt this year, to expand its activities in the country. This investment is part of a 4-year commitment to invest a total of $515 million in the Egyptian market. As part of the investment, the company will expand the […]
Saudi Arabia: Almarai to invest and expand its poultry plants
Saudi Arabian food and drink company Almarai, has announced its plans to expand its current poultry production and manufacturing facilities with an investment of 275 million riyals ($73.33 million). Based in Riyadh, Almarai produces bakery, juices, dairy and baby nutrition products that are distributed across the Middle East and Africa, through retailers and foodservice channels. […]
UAE: Carrefour launches mobile “grocery bus” in Dubai
Carrefour, the global retail giant, has announced Mobimart, said to be the first mobile “grocery bus” in Dubai, via its partnership with UAE-based conglomerate Majid Al Futtaim. Developed by the UAE-based startup Bespoke Trailers, Mobimart is designed to bring shopping to “underserved” communities, offering fresh food and daily groceries six days a week. The bus […]
Nigeria: FrieslandCampina to invest €23 million in milk factory
FrieslandCampina, the Dutch dairy giant, has announced that will invest €23 million ($26.6 million) in an evaporated milk and ready-to-drink milk factory in Nigeria. The new facility is part of the FrieslandCampina Dairy Development Programme (DDP), an initiative that aims to use knowledge and training to improve farming infrastructures . The initiative is focused on […]
South Africa: Sea Harvest Group to acquire Ladismith Cheese for $30.8 million
Fishing and food business Sea Harvest has entered into agreement to acquire South African dairy firm Ladismith Cheese for 527 million ZAR ($35.8 million). Sea Harvest group CEO, Felix Ratheb said: “Ladismith Cheese exhibits strong fundamentals. It is a profitable, branded fast moving consumer goods food manufacturer of significant scale in the food and agricultural […]
Switzerland: Nestle closes Nairobi office in sub-Saharan Africa reorganization
Nestle, the Swiss consumer goods giant, has announced plans to reorganise its activities in Sub-Saharan Africa. The move means the FMCG firm will close the headquarters of its Equatorial Africa unit in Nairobi, Kenya by the end of July, reallocating functions to its head offices in Accra, Ghana and Johannesburg. South Africa. The reorganization also includes the […]
Mexico: Bimbo acquires Ready Roti
Mexican bakery firm Grupo Bimbo has acquired a 65% stake in the Indian company Ready Roti for an undisclosed amount. The New Delhi-based maker of bread, pizza bases, as well as sweet and savoury buns, operates four plants, generating annual sales of around $48 million. “This acquisition represents Grupo Bimbo’s entry to the Indian market, […]