About BMB Group
BMB Group produces a variety of sweets and snack foods including Baklava, chocolates, baking goods, non-Sugar, and GMO functional snacks. Additionally, the firm provides private label service and manufacturing from idea to execution.On September 3rd, 2021, BMB Group was acquired by Agthia Group. Terms of the transaction were not disclosed.
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Latest BMB Group News
Dec 14, 2021
Abu Dhabi’s Agthia concludes takeover of regional snack maker BMB Group Abu Dhabi’s Agthia concludes takeover of regional snack maker BMB Group UAE Abu Dhabi’s Agthia concludes takeover of regional snack maker BMB Group Representational Image Abu Dhabi-based leading food and beverage company, Agthia Group has concluded the strategic acquisition of a 100 percent stake in Baklawa Made Better (BMB) Group, a leading regional healthy snacks and food company with a growing global footprint, marking a major landmark in its diversification strategy. According to Agthia’s statement, the company purchased BMB from its Founders and Co-Chief Executives Mr. Bilal Ballout and Mr. Mohamad Khachab, and an investment vehicle controlled by the Panarae Partnership, a privately held holding company. For nearly 15 years, BMB has been innovating the confectionery and healthy food products sector with over 2,000 stock-keeping units in over 23 countries globally, including UAE, Saudi Arabia, and the US, where BMB supplies some of the biggest retailers such as Walmart, Sam’s Club and Costco. The deal is expected to strengthen Agthia’s position in the fast-growing snacking and healthy food segment, building on its acquisition of date company Al Foah and Al Faysal bakery. Mr. Khalifa Sultan Al Suwaidi, Chairman of Agthia Group, said, “This transaction supports our 2025 growth strategy focused on the acquisition, integration and scaling of new businesses in value-add categories. The acquisition of BMB will create immediate value accretion for our… UAE UAE UAE Saudi Arabia
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BMB Group Frequently Asked Questions (FAQ)
When was BMB Group founded?
BMB Group was founded in 2007.
Where is BMB Group's headquarters?
BMB Group's headquarters is located at Sulai Area, Exit 18, Riyadh.
What is BMB Group's latest funding round?
BMB Group's latest funding round is Acquired.
Who are the investors of BMB Group?
Investors of BMB Group include Agthia Group.
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