PepsiCo-Almarai Joint Venture International Dairy and Juice Limited Acquires Egyptian Dairy and Juice Company Beyti
International Dairy and Juice Limited (IDJ), a joint venture between PepsiCo and Almarai, announced today that it has acquired Egypt's International Company for Agro-Industrial Projects (Beyti). Beyti, founded in 2005, is a well recognized brand name in Egypt. It produces a range of high-quality dairy and juice products, including plain and flavored ultra-high-temperature (UHT) milk, flavored yogurt, cheese and a variety of juices, in its state-of-the-art manufacturing facility. "The acquisition of Beyti is an important step forward for our joint venture with Almarai," said Saad Abdul-Latif, CEO of PepsiCo Asia, Middle East and Africa. "Beyti's dairy and juice brands build on our commitment to world-class quality, while addressing consumers' need for nutrition as well as fun and refreshment." [...more]
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