Acquisitions and Funding

The deal brings into Eshbal’s portfolio a commercial bakery known for breads, rolls, muffins and sweet goods sold across retail, foodservice and e-commerce channels, and is presented as a strategic step to enhance capacity and product breadth ahead of the company’s 2026 to 2028 roadmap.

The deal completes the company’s ownership of the three brands across the entire continent and expands its manufacturing and distribution remit.

The deal integrates Bake-Best’s specialized trays, designed with microwave-active susceptor technology to enhance food browning and crisping, into PaperTech’s sustainable packaging portfolio, offering eco-friendly alternatives to traditional CPET and polypropylene materials.

The deal will transfer ownership of Dijamant’s brands, manufacturing facilities and distribution network to MK Group once it secures the necessary approvals from competition authorities across the relevant jurisdictions.

The deal marks a strategic move by Marico to accelerate its entry into higher‑growth, branded food and snacking categories beyond its traditional strengths in edible oils and personal care.