The project will be the company’s first pasta-manufacturing facility in northern Mozambique and is intended to expand local production, reduce reliance on imports and support food security.
The partnership will accelerate the development and commercialization of next-generation, non-traditional oilseed crops for the growing low-carbon renewable fuels market.
The entity will provide commodities-focused brokerage and execution services, combining strong market knowledge and experience, access to major global exchanges and dedicated client support to help clients manage risk.
The investment will focus on Nigeria, Cameroon, Côte d’Ivoire and Ghana, while the company also explores opportunities in southern Africa, including Angola.
The acquisition will enable Baker & Baker to leverage its existing customer network and European footprint to expand Lazy Day Foods’ product offering and introduce its customer-facing brand to international markets.