Two firms to acquire stake in Kenafric - Hallo guys! Free Your Mind, This time, i write about Two firms to acquire stake in Kenafric, from any sources that i think you can be used for your information. I hope everything in this posting can be very useful for you. Ok, here it is! .

Title : Two firms to acquire stake in Kenafric

Two firms to acquire stake in Kenafric

Article business, Business Daily Kenya: 

Amethis Finance and Metier have partnered to acquire a minority stake in Kenafric food industry. The three companies – Kenafric, Amethis and Metier have been working together on a promising acquisition.

Mikul Shah, Chief Executive Director of Kenafric Industries said the firm has reached critical size and intends to expand into a regional packaged food enterprise, leveraging on its existing strengths to broaden its product range and offering.

Shah said the East African market offers a unique opportunity for acquisitions and strategic partnerships. The aim is to supply the entire range of snacking products in a kiosk through adjacencies and brand extensions.

Kenafric sells around 45 per cent of its products outside Kenya and has grown to emerge as a major fast-moving consumer goods group in East Africa.

The firm has diversified into confectionery, footwear, culinary and stationery manufacturing. The transaction is confined to the confectionery and culinary business.

The Shah family will continue to operate the footwear and stationery business separately. The company has built a strong entry based on their distribution network, strong premium brands and a pan-African regional footprint. The Kenafric group was founded in 1987 by Velji Punja Shah and his four sons.

The post Two firms to acquire stake in Kenafric appeared first on Mediamax Network Limited.

daily post kenya news, k24 live, media max, bdafrica, nse Kenya, epaper, business daily Kenya

That's all information about Two firms to acquire stake in Kenafric

And i hope the information about Two firms to acquire stake in Kenafric can be usefull for you guys. Alright, this is article may so useful for you guys. Thank You.

You are reading the article about Two firms to acquire stake in Kenafric and the permalink of the article is https://ai-freeurmind.blogspot.com/2017/02/two-firms-to-acquire-stake-in-kenafric.html I hope this article can be helpful and useful.

Tag : business,

Tweet