Tabourian Group Acquiring Sannine and Cali-food Opening a New Factory

According to Business News, two large corporate deals were sealed.

As reported by the agency, Tabourian Group used to own a 51% share in Sannine and is now the full owner through the acquisition of the 17.5% shares held by Malia Group and the 31.5% shares held by Rizk Rizk.

On a different note, Cali-food, a manufacturer of bakery products, will open a $16M factory with a total built up area of 12,000m2 on Khalde Highway. This expansion is estimated to multiply production capacity by six, boost the current turnover from $12M to $75M, and increase the workforce to 600, compared to 200, now. After the facility is built, the company is expected to export 50% of its products, compared to 35% previously.

 

Tabourian- Sannine Acquisition

Acquirer Portfolio : TabourianAcquired: Sannine
X-tra juiceMarket share: 12%
X-tra ketchupProduction: 250,000 liters/day
BonjusFactory expansion from 3,000m2 to 8,000m
Libby’s juicesProduction capacity of 19L gallon to 1,500/hour
Libby’s canned food and ketchup 
RC cola 

 

Source: Business News

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