TERALYS, Al Mada subsidiary dedicated to the agri-food sector, strengthens its commitment to the agribusiness sector with a second major transaction and announces the signing of a memorandum of understanding for the acquisition of NUTKAO, one of the European leaders in cocoa and plant protein processing, as part of an internationally competitive process.
The transaction will be finalized after obtaining the necessary administrative authorizations. Founded in 1982, NUTKAO specializes in the production and distribution of cocoa, hazelnut and pistachio products. The group has production units in Italy, Belgium and the United States, and has a cocoa processing unit in Ghana. It markets a wide range of products in 80 countries, responding in particular to new consumer trends by relying on a strong capacity for innovation.
This acquisition is fully in line with TERALYS’ strategy of investing in the long term in structuring projects for the agro-industry by promoting the development of African resources and further developing local production. It follows the acquisition in 2023 of the Senegalese group PATISEN and will enable the implementation of industrial and commercial synergies between the two groups.. TERALYS will also aim to continue the development of NUTKAO by launching new products and strengthening its position in certain markets, particularly in Africa.
