Last checked at 5 Oct 2016 08:29
Edita Food Industries Enters Agreement With Khalifa A.Algosaibi Cold Stores for Distribution of Products in the Kingdom of Saudi Arabia
Cairo, October 5, 2016
Edita Food Industries has entered into an agreement with the Kingdom of Saudi Arabia's (KSA) Khalifa A.Algosaibi Cold Stores (KACS) for distribution of Edita's Hoho's, Twinkies and Tiger Tail (HTT) brands in the KSA.
The agreement capitalizes on the previously announced deal with Hostess Brands LLC that expanded Edita's ownership of its Hoho's, Twinkies and Tiger Tail brands ("HTT") to 12 new countries across the Middle East and North Africa while also acquiring the right to manufacture and market 11 other Hostess Brands on a regional basis. The agreement reinforces Edita's regional expansion strategy and further consolidates its position as the leading company in the packaged snack food market
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Contacts
Ms. Menna Shams El Din
Investor Relations and Business Development DirectorT: +202 3851 6464 | M: +20 100 1542428 | menna.shamseldin@edita.com.eg
Ms. Yasmine Ghobrial
Senior Investor Relations SpecialistT: +202 3851 6464 | M: +20 1227563935 | Yasmine.ghobrial@edita.com.eg