Saudi Arabia’s Almarai wants to buy a controlling stake in the UAE’s National Food Products Co (NFPC), the Riyadh-listed firm said on Sunday.
NFPC has invited Almarai, the Gulf’s largest dairy company, to conduct due diligence as part of a competitive sales process, according to a statement to Riyadh’s bourse.
In December, Reuters reported that Almarai was one of several companies to have shown an interest in NFPC, citing sources.
NFPC is one of the largest food and dairy manufacturers and distributors in the United Arab Emirates (UAE) and markets brands including Milco, Lacnor and Oasis bottled water.
Source: Gulfnews
The facility is designed to foster innovation and deepen collaboration with customers, by offering a range of new services and solidifying its role as a central hub for customer support. Tereos’ team, supported by a network of 50 scientists, will ensure customers can innovate and meet the rising consumer demand for healthier and more sustainable products.
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Lesnard, who previously worked at Nike, The North Face and Sephora, has a mission to “grow and sustain GODIVA’s position and expertise in the premium chocolate category, leveraging ongoing support from pladis to take GODIVA and its legendary chocolate to new heights.”
