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Distribution Agreement in Saudi Arabia

5 Oct 2016 08:29

RNS Number : 7460L
Edita Food Industries S.A.E.
05 October 2016
 

 

 

 

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

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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