This strategic takeover comes at a pivotal moment for Forafric, which has been grappling with a complex financial restructuring while maintaining its status as a leading player in transforming wheat and producing staple goods like flour, semolina, and couscous.
The company linked the increase to better market conditions and stronger demand.
The acquisition strengthens Adam Food’s network in North Africa.
This acquisition marks another milestone in Grupo Bimbo’s ambition to consolidate its position as a global leader in baked goods, while reinforcing Morocco’s role as a hub for food industry investment and innovation in North Africa.
The shipments position the kingdom as the third-largest African customer to have fully received all contracted U.S. wheat volumes.