Startup

Agthia completed its 60% acquisition of Egypt’s healthy snacks and coffee company Auf Group

Agthia Group, a food and beverage company, completed its acquisition of a 60% stake in Auf Group, a specialized healthy snacks and coffee manufacturer and retailer in Egypt.

Agthia announced its acquisition of 60% of Egypt’s Auf Group in a 2.92 billion EGP deal earlier this year.

Auf Group’s founders now have a 30% stake and Tanmiya Capital Ventures, an Egyptian private equity firm that invested in Auf Group in 2019, remains a shareholder of the remaining 10% stake.

“The acquisition of Auf Group aligns with our 2025 growth strategy to acquire, integrate and grow attractive businesses in value-add categories. Egypt remains a strategic target for Agthia, as one of the MENA region’s fastest-growing consumer markets. We continue to identify opportunities to grow our presence there while strengthening our F&B leadership in the Middle East and beyond,” Khalifa Sultan Al Suwaidi, Chairman of Agthia Group, said.

Founded in 2010, Auf Group processes, manufactures, retails, and distributes a broad portfolio of products across Egypt including coffee, nuts, healthy snacks, and other confectionery products sold under the Abu Auf brand.

The post Agthia completed its 60% acquisition of Egypt’s healthy snacks and coffee company Auf Group appeared first on WAYA.

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