The Abraaj Group Invests in Chocolate Confectionery Manufacturer Kool Food (MENA)

Source: The Abraaj Group

Global growth markets investor The Abraaj Group has acquired a stake in Kool Food, a Morocco-based chocolate confectionery manufacturer. Kool Food specializes in developing, producing and selling chocolate confections and powder drinks, as well as other sweet and salted food products under its own brand. The investment will be used to consolidate Kool Food’s market position in Morocco and for international expansion plans. Financial details of the transaction were not disclosed.