Almarai Company acquires Premier Foods LLC
Abdulaziz Alajlan & Partners has advised Almarai Company in relation to their acquisition of 100 per cent of Premier Foods from Alamar Foods CJSC for a value of SAR108 million.
The deal was completed and announced on May 27, 2019. Almarai Company is a Saudi-based conglomerate, listed on the Tadawul stock exchange. It is the Middle East’s leading food and beverage manufacturer and distributor and the world’s largest vertically integrated dairy company.
The team was led by David Monnier of the Corporate and Commercial group of legal advisors in Riyadh.
Commenting on the transaction, David Monnier said, “The transaction is emblematic of how active the food industry players are in the Gulf region and testament to the high volume of M&A activity in Saudi Arabian market. It is also a striking example of how Almarai’s organic growth strategy supports a sustainable diversification of its operations by consolidating its vertically integrated activities”.