DATE
July 2022
Sale of Safilait by Bel Group to Polmlek
TRANSACTION TYPE
Corporate disposal
VALUE
Undisclosed
SECTOR
Food & Beverage
Transaction Overview
Spayne Lindsay is delighted to announce that it has advised Bel Group (Bel), a world leader in branded cheese and a major player in healthy snacking, on the sale of Safilait, Morocco’s third-largest dairy player, to Polmlek the largest privately owned dairy group in Poland with €2bn turnover.
Safilait, established in 2006, has grown into Morocco’s third-largest dairy player with its Jibal® brand. In 2021, the company employed nearly 1,500 people and operates a production site in Morocco’s Fkih Ben Saleh region.
This transaction will enable Bel to focus on their core cheese brands internationally while furthering Polmek’s long-term plan of foreign expansion by establishing a footprint in the Moroccan market, with a well-established household brand, a solid asset-base, and an experienced management team.
This transaction adds to Spayne Lindsay’s extensive credentials advising corporate clients and investors on carveout transactions in the food sector and on its expertise in dairy and dairy alternatives.