Egypt-based Raya Foods Secures $40 Million Investment Led by Helios Investment Partners – Fintech News Egypt

October 22, 2024 — Cairo, Egypt: Raya Foods, a leading player in Egypt’s food manufacturing industry, has announced a major investment of $40 million, led by Helios Investment Partners, one of Africa’s largest private equity firms with $3 billion in assets under management. This significant funding is part of Raya Foods’ broader strategy to bolster its presence in both the frozen and freeze-dried food markets, both locally and globally.

The investment will enable Raya Foods to further strengthen its position as a key exporter in the frozen food sector, with products currently being shipped to over 50 countries. In addition to fortifying its core operations, the company will use the new capital to expand into the rapidly growing freeze-dried food market.

A key part of this expansion plan includes the construction of a state-of-the-art production facility with an annual capacity of 1,500 tons of freeze-dried products. This new facility is expected to significantly enhance Raya Foods’ ability to meet rising global demand for freeze-dried foods, which are increasingly popular for their convenience and long shelf life.

Following the $40 million investment, Raya Foods’ market value has reached $65 million, positioning the company for continued growth and innovation in both domestic and international markets.

“We are excited to partner with Helios, whose investment will not only support our current operations but also pave the way for our expansion into the freeze-dried market,” said a representative from Raya Foods. “This new facility will be a game-changer, allowing us to meet the growing global demand for freeze-dried products while maintaining our leadership in the frozen food sector.”

This investment marks another significant milestone in the company’s journey as it continues to lead Egypt’s food manufacturing sector on a global stage.

    Share:

Leave a Reply

*