Griffith Foods Acquires Griffco Foods From IFFCO Group, Enhancing MENA Market Presence

The UAE-headquartered IFFCO Group, a leading entity in the FMCG sector, recently announced the complete transfer of its stake in Griffco Foods to Griffith Foods. This move comes as a finale to a fruitful joint venture that has significantly contributed to market broadening, the introduction of innovative products, and the enhancement of operational efficiencies throughout the MENA region.

The collaboration has reached its intended objectives, setting the stage for both entities to pursue independent paths of growth, capitalising on their unique strengths to seize new opportunities while guaranteeing a smooth transition for stakeholders and clients alike.

Rizwan Ahmed, the Executive Director of IFFCO Group, shared insights on the company's future direction, emphasizing the continuous investment in advanced manufacturing technologies and research and development facilities.

"Our long-term strategy is focused on accelerating our growth trajectory and strengthening our presence in key markets and segments," he noted. This strategic focus is aimed at innovating and providing high-quality solutions that cater to the dynamic needs of their customers, alongside maintaining superior service continuity.

This strategic shift is expected to unlock substantial value for their clientele by concentrating on core competencies, broadening the product range tailored for Quick Service Restaurants (QSRs), hotels, restaurants, cafes, catering, industrial businesses, and enhancing service delivery across pivotal markets.

Additionally, IFFCO Group has announced plans to augment its manufacturing footprint in Saudi Arabia, reinforcing its market influence and service excellence, which is pivotal for sustained growth.

Andrey Dribny, Managing Director – Culinary at IFFCO Group, reflected on the partnership's success over the past five years, noting its significant contribution to mutual growth and the strengthening of their market capabilities.

"As we enter this new phase, we remain committed to strengthening our core expertise, expanding our product portfolio, and delivering enhanced services across our key markets," Dribny stated.

Anthony Khattabi, Head of Commercial and Partnerships at Griffith Foods, remarked on the collaboration's success. "The joint venture with IFFCO Group has been a successful collaboration, and we appreciate the shared achievements over the years," Khattabi commented. As Griffith Foods moves forward on its growth trajectory, it remains dedicated to delivering innovative, value-driven solutions to its customers, ensuring continued excellence and innovation in its offerings.