Ezdehar Management Acquires Kemet: A Strategic Partnership for Growth

Ezdehar Management Acquires Kemet: A Strategic Partnership for Growth
Ezdehar Management, an Egyptian private-equity firm, has officially acquired a controlling stake in Kemet, an Egyptian snack manufacturer. While the exact financial details of the deal remain undisclosed, the acquisition marks a significant move in the local food and beverage sector.

According to a statement from Ezdehar, this partnership arrives at a "pivotal moment" for Kemet, a company already well-known for its pretzels and savory snacks. The investment is intended to support Kemet’s strategic plan to expand its product line, specifically by venturing into the growing market for healthier snack options.

Ezdehar expressed strong confidence in the deal, noting that the investment is a testament to their belief in both the future of the Egyptian food and beverage sector and Kemet's leadership. The firm praised Kemet's "exceptional" management team for its history of consistent product innovation, operational excellence, and a clear strategic vision.

Amir Mishriky, Ezdehar's managing director, highlighted Kemet as a "standout" player in the industry, citing its extensive export reach, strong brand recognition, and remarkable resilience in a variety of economic conditions. Mishriky also stated that Ezdehar is looking forward to collaborating closely with Kemet's founders and management team to help them achieve their ambitious growth targets through continued product development and innovation. This investment, he noted, reflects Ezdehar’s broader conviction in the strong potential of Egypt’s consumer-facing sectors.

https://finance.yahoo.com/news/ezdehar-management-acquires-egyptian-snac...