The financing will support a major increase in fertiliser production in Nigeria and fund a new manufacturing plant in Ethiopia as Africa seeks to strengthen food production and cut reliance on imports.
This project will support the development of industrial capacity dedicated to this strategic innovation for the Nutella brand by installing a production line unique in Europe.
The acquisition brings together Brace’s regional heritage and brand recognition with BPO’s growing experience of investing in British food businesses, including its recent acquisition of Roberts Bakery in 2025.
The landmark decision clears the path for ABF, which owns the Kingsmill brand, to finalize its acquisition of Hovis from the private equity firm Endless LLP.
The agreement aims to strengthen Syria’s agricultural processing sector and support food security through large-scale soybean and sunflower seed processing.