Saudi Arabia: Tyson Foods buys stake in Tanmiah Food Company
Tyson Foods and Tanmiah Food have signed a strategic partnership in which Tyson Foods will acquire 15% of stakes in Tanmiah subsidiary Agriculture Development Company (ADC) and 60% equity in Supreme Foods Processing Company. Tyson Foods is a recognized leader in protein, whilst Tanmiah is a producer of fresh and value-added poultry and other meats, […]
Egypt: Offer submitted for 90% stake in Domty
Arabian Food Industries (Domty) has announced that an offer has been submitted for 90% of the Egypt-based food business by Expedition Investments for EGP5 ($0.26) per share. According to Daily News Egypt, Expedition Investments is a company created to acquire Domty owned by investors in Egypt, Saudi Arabia, and the United Arab Emirates. According to […]
South Africa: Kerry Group to open taste manufacturing facility
Irish nutrition company Kerry Group, has recently announced the opening of the largest and most advanced taste manufacturing plant the group has ever had in the province of KwaZulu-Natal, South Africa. The new site, an investment of $40 million, covers a 10,000 sq. m. area and is said to be one of the most environmentally […]
South Africa: Tiger Brands to invest in Herbivore Earthfoods
South African consumer goods firm Tiger Brands has announced the investment in Herbivore Earthfoods, a producer of plant-based and vegan products. According to sources, Herbivore Earthfoods produces a vast range of alternative dairy and meat substitute products. This investment will allow Tiger Brands to reach new consumers looking for products that are healthier, with high […]
Israel: Carrefour to enter Israel in partnership with Electra Consumer Product
Global retail giant Carrefour has announced a partnership with Electra Consumer Products and its subsidiary Yenot Bitan as part of its expansion strategy. This partnership will allow the global retailer to open stores under the Carrefour banner in Israel before the end of 2022 and will allow the sale of Carrefour branded products in more […]
Saudi Arabia: Kerry Group to open a new facility in Saudi Arabia
Global food manufacturer Kerry Group has expanded operations in Saudi Arabia with the opening of a new 21,500-square-foot facility at the Jeddah site. The new facility, which is Kerry’s largest in the Middle East, Nort Africa can Turkey (MENAT) region, employs 130 people, and it will help companies to meet the growing consumer demand for […]
UAE: Agthia to acquire BMB Group
Agthia, the leading Middle East food and drinks firm, has announced that it has acquired a 100% stake in BMB Group for an undisclosed sum. Founded in 2007, BMB Group is described as an innovative healthy snack and food company with a large portfolio of confectionery and other food brands such as Asateer, Al Qamar, […]
Egypt: Coca-Cola HBC to acquire Coca-Cola Bottling Company of Egypt
Coca-Cola HBC, the Swiss-based international bottling company, has announced the acquisition of Coca-Cola Bottling Company of Egypt (CCBCE) for $427 million. The deal will give access to the second largest non-alcoholic ready-to-drink market in Africa by volume, Coca-Cola HBC said, adding that the acquisition also aims to increase the penetration of the Coca-Cola Company’s brand […]
Saudi Arabia: Savola Group to acquire fruit and nut processor Bayara
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. […]
South Africa: Rhodes Food Group to buy Pioneer Foods frozen business
South Africa-based food business Rhodes Food Group (RFG) has announced the acquisition of the frozen food business of domestic peer Pioneer Foods for an undisclosed sum. Pioneer Foods’ frozen foods portfolio includes pies, pastries, sausage rolls, pizza, and party packs, and the brands Today, Mama’s, Big Jack, and Man’s Meal. Manufacturing is conducted from a […]