These resources will aid bakers and snack manufacturers intending to produce products with reduced sugar.
The company’s authorized capital will remain unchanged at US$7 million, while the issued capital will double, increasing the number of shares to 1,400,027,312, each with a nominal value of EGP 0.20 (US$0.004).
The wafers cater to the increasing demand for allergen-free foods.
The Cobourg facility in Ontario and the Sparks facility in Nevada employ approximately 300 people.
In a statement, Marilan emphasized that the deal reinforces its growth strategy.