Almarai acquires Premier Foods
Almarai said the value of the transaction is situated at SAR 108.0 million ($28.8 million).
Premier Foods is engaged in providing value added products (meat and poultry) to the food services industry in the Middle East. This acquisition will further enhance Almarai’s footprint for expansion in the foodservice channel.
This transaction is fully financed from Almarai’s operating cash flow, and the financial impact of this acquisition will be reflected in next Quarter’s results.
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