Forafric has been acquired by YCAP
January 2017 — Forafric, a leading wheat flour and semolina group based in Casablanca, has been acquired by YCAP.
Created in 1943, Forafric is the leading wheat flour and semolina group in Morocco. The group imports over 300,000 tons of soft and durum wheat which are transformed into flour and semolina thanks to four industrial mills located across the country. Forafric has been successful in marketing and promoting very strong brands such as Maymouna and Ambre and enjoys circa 50% market share in supermarkets.
YCAP is an international financial group operating in the energy, infrastructure and agro-industrial sectors. Yariv ElBaz, CEO at YCAP, said: “We have the ambition to make Forafric an African champion thanks to the establishment of new units in sub-Saharan Africa which will create value and employment.”
Our role in the transaction
Oaklins’ team in Morocco advised the seller in this transaction.
Talk to the deal team
Hicham Chebihi Hassani
Oaklins Morocco
Related deals
Groupe SHFC has been acquired by Creadev
CREADEV has acquired a majority stake in Groupe SHFC to establish a European leader in soil health.
Learn moreBalticovo has acquired Babičkin dvor
Balticovo has acquired 100% of the shares in Babičkin dvor. The acquisition marks Balticovo’s direct entry into the Slovak market and establishes a platform for further growth in Central Europe. Balticovo plans to expand Babičkin dvor’s production capacity through investments in new facilities, technology and know-how, supporting the continued development of domestic egg production in Slovakia.
Learn moreNutrition & Santé has divested its Spanish organic assets to Alimentos Sanygran
Nutrition & Santé Group has divested its Spanish organic assets to Alimentos Sanygran. The transaction included the Natursoy brand; the Castellterçol production site dedicated to organic chilled plant-based meat alternatives; a three-year Gerblé chilled-business license; manufacturing and transition services agreement (TSA) arrangements for Nutrition & Santé’s French Céréal Bio and Soy brands and third-party brands; distribution contracts for more than 10 organic brands; and a dedicated sales force serving specialized organic and dietetic retailers in Spain.
Learn more