ABU DHABI, 11th October, 2023 (WAM) — Silal, Abu Dhabi’s leading food, agriculture, and technology company, has announced acquiring a majority stake in SAFCO Group, a leading food and beverage distributor in the UAE.The acquisition of SAFCO integrates with Silal’s strategic growth ambitions and significantly strengthens its presence in the hospitality, restaurant and catering segment, leveraging SAFCO’s 30-year track record in importing, distributing and exporting a wide array of premium food and non-food products across the UAE, Middle East and Africa. The acquisition integrates with Silal’s strategic objectives and growth ambitions.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. SAFCO’s acquisition is a pivotal step in enhancing Silal’s capacity to meet the market’s demand for a wide range of high-quality products and will accelerate the company’s effort
s to enhance its food distribution.Rola AlGhoul/ Esraa Esmail
Source: Emirates News Agency