Amethis Finance and Metier Invest in Kenafric Industries (Sub-Saharan Africa)
Posted On: 20 Feb 2017 | Source: Amethis Finance
Sub-Saharan Africa-focused private equity firms Amethis finance and Metier have acquired a minority stake in Kenya-based Kenafric Industries’ packaged food business. Kenafric manufactures and distributes confections, snacks, ready-to-drink juices and other food products. Kenafric plans to use the new capital to broaden its product range. Financial details of the transaction were not disclosed.