date:Aug 06, 2014
Brazilian food company BRF has announced that it has signed a binding offer with Alyasra Food Company, its current distributor in the State of Kuwait, for the acquisition of 75% of Alyasras retail frozen foods distribution business. The transaction will have to go through the Arab countrys laws but is reported to be worth US$160m.
Alyasra is a leader in food distribution in the State of Kuwait, covering the sectors of retail and food services, with presence in frozen, chilled and dry segments.