The Abraaj Group Acquires a Minority Stake in Algeria-based Cellulose Processing (MENA)
Source: The Abraaj Group
Global growth markets investor The Abraaj Group has acquired a minority stake in Algeria-based baby diaper and feminine sanitary pad manufacturer and distributor Cellulose Processing (CEPRO). The transaction was structured through Abraaj North Africa Fund II. Abraaj intends to work with CEPRO to increase the company’s production capacity and efficiency, diversify its product offering, enhance marketing efforts and expand its network in Algeria and Sub-Saharan Africa. Financial details of the transaction were not disclosed.