Kuwait-based acquisition company Khatif Holding has acquired 50% stake in Arwa Gulf Food, a distributor of LaVazza coffee in Kuwait.
LaVazza is an Italian manufacturer of coffee products with operations across the globe, reported ameinfo.com.
Khatif Holding founder and chairman Fatma Al-Bader was quoted by ameinfo.com as saying that the acquisition is mostly through capital increase and funding that leads Arwa Gulf Food to next level of market share, operational efficiency and profitability.
"By combining the strengths of the two companies and partnering with Arwa Gulf Food Co to distribute LaVazza in Kuwait we will provide unmatched quality products to our customers."
Khatif also plans to expand into Saudi Arabia and other GCC countries this year.
