Graderco has been acquired by Zalar Holding

The Hamdouch family has sold its 33% stake in Graderco to Zalar Holding for US$12 million.

Based in Casablanca, Graderco is one of the leading grain and cereal trading firms in Morocco. The company imports, stores and trades over two million tons of grain and grain derivatives representing over 30% of the country's imports.

Zalar Holding is Morocco’s leading poultry group. Since its founding in 1974, the group has grown organically as well as through selected strategic mergers and acquisitions to become the only operator that is vertically integrated across the entire poultry meat value chain. Zalar Holding enjoys leading market shares across five business segments: grain trading, animal feed, hatchery, broiler, as well as slaughtering and meat processing. These activities involve more than 2,200 employees spread across the country, particularly around the strategic regions of Casablanca and Fes.

Oaklins' member firm in Morocco advised the seller in this transaction.