Agthia considers acquisitions and reviews strategy amid pandemic, CEO says – The National

Agthia considers acquisitions and reviews strategy amid pandemic, CEO says – The National

The Abu Dhabi food and beverage company intends to finish its strategic review before year-end





























Agthia is conducting a strategic review of its business as it navigates the pandemic-driven slowdown. Delores Johnson / The National











Agthia is looking at mergers and acquisitions and re-evaluating its strategy as it adjusts to the coronavirus pandemic that has tipped the world economy into a recession.



The Abu Dhabi food and beverage company intends to complete its review before the end of the year, which will help it come up with a strategic plan centred around new products and new markets, group chief executive Alan Smith told The National on Wednesday.



Agthia plans to continue to expand organically in domestic and international markets despite the Covid-19 headwinds.



"What we are currently working on is a complete strategic review of the business in terms of where we go next, how we look at growth in the future and what the right operating model is for us,“ Mr Smith said.



"M&A are obviously part of the plan [and] we are looking at what the right targets are.“





Mr Smith