Cairo, 14 March 2018
Edita Food Industries S.A.E. (EFID.CA on the Egyptian Exchange and EFIFq.L on the London Stock Exchange), a leader in the Egyptian packaged snack food market announced today that it has signed a shareholder’s agreement with Morocco’s Dislog Group forming a joint venture in the Kingdom, Edita Food Industries Morocco. The terms of the agreement stipulate that Edita will be majority owner of the venture with 51% stake.
Commercial operations will begin in 2018 with exports of Edita’s products to Morocco, while the second stage will entail the establishment of a state-of-the-art manufacturing facility in 2019 with an initial investment estimated at around USD 10 million.
Dislog Group has substantial distribution muscle with over 65,000 distribution points across the kingdom and a fleet of more than 780 vehicles and 26 regional warehouses serving the demands of 35 million consumers nationwide. The group covers the full sales and distribution value chain from factory to consumer and is the trusted partner of global brands.
Egypt-based Edita is the leading provider of packaged snack food in North Africa’s largest consumer market and a growing exporter. It manufactures, markets and distributes a range of branded snack products while controlling a market-leading portfolio of proprietary brands.
The joint venture will leverage Edita’s manufacturing and technical industry experience and competitive products combined with Dislog’s extensive distribution network and logistical strength.