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Edita partners with Dislog group to build factory in Morocco

Edita partners with Dislog group to build factory in Morocco
Upon the contract, Edita seeks to reinforce its expansion plans
Edita
EFID
-3.30% 29.01 -0.99

Cairo – Mubasher: Edita Food Industries on Wednesday announced signing a partnership contract with Dislog Group to build a food factory in Morocco.

Upon the contract, Egypt's maker of Twinkies seeks to reinforce its expansion plans and strengthen its position in the snacks market, Edita said in a filing to the Egyptian Exchange (EGX).

Dislog Group is an integrated distribution company in Morocco’s fast-moving consumer goods market, the filing added, giving no further details on the value of the project. 

Edita’s capital EGP 145.07 million distributed over 725.36 million shares at a par value of EGP 0.20 per share.