date:Feb 13, 2013
Kuwait-based acquisition company Khatif Holding has acquired 50% stake in Arwa Gulf Food, a distributor of LaVazza coffee in Kuwait.
LaVazza is an Italian manufacturer of coffee products with operations across the globe, reported ameinfo.com.
Khatif Holding founder and chairman Fatma Al-Bader was quoted by ameinfo.com as saying that the acquisition is mostly through capital increase and funding that leads Arwa Gulf Food to next level of market share, operational efficiency and profitability.