Indian firm, Kenafric buy struggling Britania biscuits for Sh1 billion
Food and beverages company Kenafric Industries has bought out struggling rival Britania Foods Limited for an undisclosed value.
Source: businessdailyafrica.com
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Food and beverages company Kenafric Industries has bought out struggling rival Britania Foods Limited for an undisclosed value.
Biscuit maker Britania has been accused in court of cooking books ahead of selling the confectionery producer to private equity firm Catalyst for Sh1.2 billion, inflating the buyout price nearly...
The pandemic worsened the situation after its biggest client base - schools and hotels - shut down.
Biscuit maker Britania which was placed under administration last year is up for sale.