Saudi Arabia’s Almarai to acquire Pure Beverages Industry Co. in

Saudi Arabia’s Almarai to acquire Pure Beverages Industry Co. in

RIYADH: Saudi dairy giant Almarai has signed an agreement to fully acquire Pure Beverages Industry Co. for SR1.04 billion ($277 million), aiming to diversify its offerings and enhance its market position. Pure Beverages Industry Co. is a bottled drinking water producer in the Kingdom, known for its “Ival” and “Oska” brands. The company operates modern facilities and follows

Almarai signs agreement to acquire Pure Beverages in $277m deal

Saudi Arabian F&B group Almarai Company has signed an agreement to acquire water company Pure Beverages Industry Company in a deal valued at SAR 1.04 bn (approx. $277m).

Almarai to Acquire Pure Beverages Industry Company for SAR 1.04 Billion - Packaging MEA

Almarai Company has announced the signing of a share purchase agreement to acquire 100% of the shares in Pure Beverages Industry Company, in a transaction valued at SAR 1.040 billion. Pure Beverages Industry Company is recognized as a key player in Saudi Arabia’s bottled water market, operating under the brands “Ival” and “Oska.” The company

Almarai to acquire bottled-water producer Pure Beverages

Saudi group Almarai has agreed to acquire local bottled-water business Pure Beverages Industry Company for SR1.04 ($277m).

Almarai buys drinking water maker for $277m

Saudi dairy and juice producer Almarai has ventured into the bottled drinking water segment with the acquisition of a local company. The company purchased Pure Beverages Industry Company, the owner of the “Ival” and “Oska” bottled water brands, for just over SAR1 billion ($277 million), according to a statement published on the Saudi Exchange (Tadawul) on Sunday. The acquisition, which supports Almarai’s expansion of its beverage portfolio, will…