Almarai acquires Pure Beverages Industry Company for US$277M

SAUDI ARABIA – Almarai, a giant dairy company, has acquired Pure Beverages Industry Company for SAR 1.040 billion, expanding its footprint in the region.

This strategic acquisition aligns with Almarai’s growth strategy to expand its beverage portfolio and enhance its consumer offerings. The company is confident that this acquisition will create value for its shareholders.

The acquisition will be financed through Almarai’s internal cash flows, and completion is subject to the fulfilment of contractual conditions and the obtaining of the necessary regulatory approvals in the Kingdom of Saudi Arabia.

Pure Beverages Industry Company is a leading producer of high-quality bottled drinking water in the Kingdom of Saudi Arabia, and the owner of the brands Ival and Oska.

It operates its state-of-the-art facilities using innovative production technologies, committed to the highest international quality standards and sustainable industry practices.

Almarai acquires Jordan’s Hammoudeh food industries for US$70M

Last year, the company acquired Jordan’s Hammoudeh Food Industries for US$70 million.

The acquisition, made through Almarai’s subsidiary Teeba Investment for Developed Food Processing Company, reinforced the company’s strategy to grow and strengthen its presence in the region.

Almarai’s decision to acquire the Jordanian company will enhance its ability to expand its operations and product range and leverage operational scale in Jordan. 

The move also positions Almarai to drive further sales growth and profitability in the Jordanian market, where dairy consumption is expected to continue rising.

In a statement, Almarai emphasized that the acquisition aligns with the company’s long-term vision of expanding its presence in key Middle Eastern markets. 

“This acquisition supports Almarai’s growth strategy, which aims to ensure consistent expansion in key markets. Hammoudeh’s longstanding presence in the Jordanian dairy and cheese market makes it an ideal fit for our growth ambitions,” the company said.

The acquisition will be financed through Almarai’s internal cash flows and is subject to regulatory approvals and the fulfilment of certain contractual conditions.

Hammoudeh Food Industries, a well-established dairy and cheese company with over 50 years of experience in Jordan, is recognised for its diverse range of food and beverage products. 

Originally founded in the 1960s, the company started in animal feed before expanding into poultry and dairy farming, becoming a major player in Jordan’s food production sector.

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