Moroccan royal holding Al Mada acquires Nutella competitor Nutkao
Teralys, a subsidiary of Moroccan royal holding Al Mada, has announced the acquisition of Nutkao, an Italian food company specializing in the production of cocoa and milk spreadable creams.
According to a press release by Al Mada on Tuesday, September 24, the transaction will be finalized once the necessary administrative authorizations have been obtained.
Founded in 1982, Nutkao owns production units in Italy, Belgium, and the United States, as well as a cocoa processing plant in Ghana. The