Agthia Group to acquire a 60% stake in Auf Group for $153m.

Agthia Group, a food and beverage company, agreed to acquire a 60% stake in Auf Group, a specialised healthy snacks and coffee manufacturer, for $153m. “As part of our strategy to stimulate growth and enhance our operations, we are focused on expanding Agthia’s footprint in the MENAP region. The acquisition of Auf Group is a compelling opportunity to bolster our delivery of this commitment, while further penetrating one of the region’s fastest-growing consumer markets. Following a record first quarter in 2022, we believe that Auf Group will accelerate Agthia’s strong growth trajectory both now and in the future," Khalifa Sultan Al Suwaidi, Agthia Group Chairman.