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Ezdehar Management has acquired a majority stake in Egypt-based snack manufacturer Kemet for an undisclosed sum.
According to the private-equity firm, the partnership comes at a “pivotal moment” for pretzels and savoury-snacks business Kemet as it plans to bolster its presence in healthier snacks.
In a statement, Ezdehar said the investment reflects strong confidence in both the sector and Kemet’s “exceptional” management team, which has “consistently demonstrated product innovation, operational excellence, and strategic vision”.
Amir Mishriky, managing director at Ezdehar, said: “Kemet is a standout company in Egypt’s food and beverage space – with wide export reach, strong product and brand equity, and a track record that demonstrates resilience and longevity regardless of the economic conditions.”
He added: “We’re looking forward to being part of the next stage of the company’s journey, working closely with the founders and management team.
“We have full confidence in their ability to drive growth and achieve their ambitious plans through continued product development and innovation.
“This investment reflects our broader conviction in the future of Egypt’s food, beverage and consumer sectors.”
Founded in 1998, Kemet has grown into one of Egypt’s leading snack manufacturer’s, offering a product portfolio such as Pretzo, Mixy and Munchos.
The brand exports to markets in Africa, Europe, Asia, the Middle East and Australia.
Dr Mahmoud Hosny, CEO of Kemet, said: “This partnership is a game changer. With Ezdehar’s backing, we’re ready to accelerate innovation and expand our global footprint. Together, we’re building the future of healthy snacking.”
“Ezdehar Management acquires Egyptian snack maker Kemet” was originally created and published by Just Food, a GlobalData owned brand.
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