Abu Dhabi’s Agthia concludes takeover of regional snack maker BMB Group

Abu Dhabi’s Agthia concludes takeover of regional snack maker BMB Group

Abu Dhabi-based leading food and beverage company, Agthia Group has concluded the strategic acquisition of a 100 percent stake in Baklawa Made Better (BMB) Group, a leading regional healthy snacks and food company with a growing global footprint, marking a major landmark in its diversification strategy.

According to Agthia’s statement, the company purchased BMB from its Founders and Co-Chief Executives Mr. Bilal Ballout and Mr. Mohamad Khachab, and an investment vehicle controlled by the Panarae Partnership, a privately held holding company.

For nearly 15 years, BMB has been innovating the confectionery and healthy food products sector with over 2,000 stock-keeping units in over 23 countries globally, including UAE, Saudi Arabia, and the US, where BMB supplies some of the biggest retailers such as Walmart, Sam’s Club and Costco.

The deal is expected to strengthen Agthia’s position in the fast-growing snacking and healthy food segment, building on its acquisition of date company Al Foah and Al Faysal bakery.

Mr. Khalifa Sultan Al Suwaidi, Chairman of Agthia Group, said, “This transaction supports our 2025 growth strategy focused on the acquisition, integration and scaling of new businesses in value-add categories. The acquisition of BMB will create immediate value accretion for our shareholders, with significant growth prospects