UAE Business: Hotpack grows its footprint in Morocco with tie-up – Gulf Digital News

UAE Business: Hotpack grows its footprint in Morocco with tie-up – Gulf Digital News

Hotpack Global, the world’s leading manufacturer of disposable food packaging products, has announced a regional expansion in Morocco, joining hands with the retail leader of the African nation, Retail Holding.

The partnership agreement was signed by Abdul Jebbar P B, Hotpack Global Managing Director, Zouhair Bennani, Chairman of Best Financiers, Abdellatif Merzaq, Director of Samaz (currently President of the new entity) and Ziad Merzaq, General Manager of Hotpack Global SA Morocco in Morocco in the presence of Riyad Alaissaoi, Financial Director of Best Financiers.

In a statement, Hotpack said the partnership with Best Financiers, the investment arm of Retail Holding, will lead to an increased presence in the African countries and investment in manufacturing facilities in Morocco.

Strategic expansion

“Our increased foothold in Morocco is part of our strategic expansion focused on African countries. We have already established a firm presence in African regions, such as Nigeria, Ivory Coast and Morocco too. With our latest expansion plans in Morocco, we are gradually growing our presence in the African countries and expanding our reach into the Europe,” said Jebbar.

Jebbar added: “This partnership will help us penetrate the neighbouring countries and increase our retail market share there. It is also going to enhance our operations in