ADQ-backed Silal acquires majority stake in SAFCO Group

ADQ-backed Silal acquires majority stake in SAFCO Group

Image courtesy: WAM

ADQ-backed Silal has acquired a majority stake in SAFCO Group, a UAE food and beverage distributor, in a deal that will bolster the company’s market presence and expand its footprint in the food service and distribution industry.

The Abu Dhabi-based agritech firm said the transaction aligns with growth ambitions and significantly strengthens its presence in the hospitality, restaurant, and catering segments.

The agtech will leverage SAFCO’s 30-year track record in importing, distributing and exporting a wide range of premium food and non-food products across the UAE, Middle East and Africa.

SAFCO has continually strived to uphold its preeminent status through innovation, an expansive distribution network, cutting-edge facilities and commitment to delivering exceptional customer service.

Silal is proud to announce the acquisition of a majority stake in SAFCO Group, a prominent Dubai-based food and beverages distributor. This strategic investment marks a significant leap forward in Silal’s ongoing commitment to bolster its food distribution capabilities in the UAE… pic.twitter.com/HEHlnHmBJR

— Silal (@SilalUAE) October 10, 2023

The food and beverage distributor’s foundation rests upon a strong organisational culture, team loyalty, a strong work ethic, deep commitment and trust, all of which form the bedrock of the company’s operations.

The deal is expected to enhance Silal’s capacity to