Saudi Arabia based dairy firm Almarai has announced that it has signed an agreement to acquire Pure Beverages, a drinking water company based in Saudi Arabia, for 1.040 billion ($277 million). Founded in 1979, Pure Beverages Industry Company claims to produce “bottled water of exceptional quality”, running “high-tech” production plants that align with global standards. The bottled waters it sells are marketed under the brands Ival and Oska. In a statement, Almarai said: …
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Almarai
Saudi Arabia based dairy firm Almarai has announced the acquisition of Hammoudeh Food Industries, the food and beverage business of Jordanian conglomerate Hammoudeh, for 263 million SAR ($70.1 million). Founded in the 1960s in Amman, Hammoudeh Food Industries serves as the food and beverage manufacturing division of the Hammoudeh conglomerate, which is also involved in agri-business and chemicals. The company offers a variety of products, including dairy, juices, poultry and …
Saudi Arabia based dairy firm Almarai has recently announced the purchase of a 48% stake in International Dairy and Juice from FMCG giant PepsiCo to become the 100% owner of the business According to a report in The National, International Dairy and Juice was formed as a joint venture in 2009 via a partnership between Almarai and PepsiCo to produce and distribute food and beverages in Egypt and Jordan. The …
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. According to sources, the company’s board of directors also agreed to proceed with a study …
Almarai, a leading Middle East food and drinks firm, has announced the opening of a new dairy facility in Saudi Arabia in partnership with GEA, a supplier group of food industry process technology. Described as Saudi Arabia’s “largest and most modern dairy processing facility”, the new site is dedicated to milk and yoghurt production, with the capacity to process two million litres of milk a day. According to GEA, the …
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