BRF to Buy Oman Distributor20 February 2014
OMAN - Brazilian poultry and food processor BRF is to buy 40 per cent of distributor in Oman, Al Khan Foods.
Under the offer, BRF acquire the remaining stake in AKF, which is valued at $ 68.5 million between 36 and 90 months from the date of closing of the first acquisition , as laid down by the laws in the Sultanate of Oman.
AKF is the leading distributor of frozen foods in the Sultanate of Oman , covering a broad scope of clients from retail, food service and wholesale.
It has been the distributor of Sadia products in the Sultanate of Oman for 25 years , as well as a number of other frozen products from other brands and suppliers .
This new acquisition is in line with the strategic plan to internationalise BRF, accessing local markets, strengthening BRF brands and distribution and expanding its product portfolio in the Middle East .
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