Ezdehar Management has acquired a majority stake in Egypt-based snack manufacturer Kemet for an undisclosed sum. The private-equity firm aims to bolster Kemet’s presence in healthier snacks, showing strong confidence in the sector and Kemet’s management team. Kemet, founded in 1998, exports its products to markets in Africa, Europe, Asia, the Middle East, and Australia.

Amir Mishriky, managing director at Ezdehar, praised Kemet as a standout company in Egypt’s food and beverage space with strong export reach and brand equity. The partnership with Ezdehar is seen as a game-changer, ready to accelerate innovation and expand Kemet’s global footprint. The investment reflects a broader conviction in Egypt’s food, beverage, and consumer sectors.

Dr. Mahmoud Hosny, CEO of Kemet, expressed excitement about the partnership with Ezdehar, stating they are building the future of healthy snacking. Ezdehar’s investment in Kemet reflects confidence in the company’s growth potential and product development capabilities. The acquisition marks a pivotal moment for Kemet as they strive for continued success in the snack industry.

Read more at Yahoo Finance: Ezdehar Management acquires Egyptian snack maker Kemet