AGTHIA acquires leading manufacturing brand

Emirates Foodstuff & Mineral Water Company (AGTHIA) has acquired the Vegetable Processing and Canning Factory in Al Ain.

The acquisition is a strategic move for the company who will take over the manufacturing plant of the leading Tomato Paste and Frozen Vegetable brand.

"We are extremely pleased about this acquisition which is a strategic move enabling us to enter the fast growing Tomato Paste and Frozen Vegetable category not only in UAE but internationally," explained Ilias Assimakopoulos, Chief Executive Officer of AGTHIA.

"It also offers us the platform to expand into other Food and Beverage segments," he added.

The company currently distributes its products in the UAE and throughout the Middle East.

"The acquisition definitely is a step forward in terms of diversification and expansion of our product portfolio," commented AGTHIA Chairman, H.E. Rashid Al Hajeri.

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