Teralys, a subsidiary of Al Mada, a Moroccan private investment fund with a pan-African vocation, dedicated to the agri-food sector, continues its international development and announces the acquisition of the Italian agro-industrial group Nutkao
Teralys strengthens its commitment to the agro-industry sector with a second major operation and announces the signing of a memorandum of understanding for the acquisition of Nutkaoone of the European leaders in the processing of cocoa and vegetable proteins, 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 a cocoa processing unit in Ghana. It markets a wide range of products in 80 countries, responding in particular to new consumer trends, based on a strong capacity for innovation.
Teralys’ African ambitions
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 presence in certain markets, particularly in Africa.
Al Mada.
Al Mada – Positive Impact is one of the largest private investment funds in Africa. Present in 27 countries, natively CSR, it operates at the heart of the African economy: financial services, building materials, telecommunications, mining, energy, tourism, real estate, retail, distribution and agro-industry.
With a long-term investment philosophy, based on the development of projects with high potential for value creation in the service of populations, Al Mada places corporate responsibility at the heart of its mission.
By The editorial staffEditorial Committee – Casablanca
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