ABN – Aujan Coca-Cola Beverages Company (ACCBC) will invest US$500 million in its expansion in the Middle East and North African (MENA) region over the next three years.
The company handles the manufacturing and distribution of brands such as Rani and Barbican.
ACCBC CEO Nicolaas Nusmeier said: “Major investments in capacity, geographical coverage, and brand development will allow us to capitalise on the growth potential for the beverage industry in the MENA region.”
The company also plans to invest in a factory in Egypt that will supply and manufacture brands for African markets.
Phil Gandier, the MENA head of transaction advisory services at EY, said: “The majority of MENA M&A transactions tend to occur in consumption-led sectors such as food and beverage, retail, health care and education, which have little correlation to economic activity and changes in oil price, so the positive trend is expected to continue.”
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