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July 15, 2021: 12:00 AM EST
A subsidiary of the Saudi Arabian company will acquire Bayara, a 29-years-old manufacturer of nuts, dried fruits, and spices, for $260 million. Bayara specializes in the manufacture and distribution of healthy snacks including raw and roasted nuts, dates, seeds, dried fruits and confectionery; as well as cooking ingredients such as herbs, spices, and pulses. The privately held company says it processes around 23,000 metric tons of goods each year and operates out of the UAE and Saud Arabia. Savola Foods markets a portfolio of household staples such as edible oil, sugar, pasta, and ghee.
Emma Upshall, "Savola to purchase UAE-based snack maker Bayara for $260m", FoodBev Media, July 15, 2021, © FoodBev Media Ltd
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