Forafric has been acquired by YCAP
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.”
Oaklins’ team in Morocco advised the seller in this transaction.
Talk to the deal team
Hicham Chebihi Hassani
Oaklins Morocco
Related deals
Pesquera Exalmar has acquired Pesquera Centinela
Pesquera Exalmar has acquired Pesquera Centinela from Grupo Romero.
Learn moreLe Cercle has successfully completed its primary LBO in partnership with FrenchFood Capital and Bpifrance
Le Cercle, a pioneer in reusable meal trays and a leading catering company in the Île-de-France region, is entering a new phase of development with an investment from FrenchFood Capital and the support of Bpifrance. This transaction also marks the appointment of Nathalie Grand-Morin, currently managing director, as the new CEO of the company.
Learn moreArtisJP has sold 620 hectares of farmland to the Land Fund of Latvia
ArtisJP has sold 620 hectares of agricultural land in the Kuldīga region of western Latvia to the Land Fund of Latvia, managed by the Latvian state finance institution Altum.
Learn more