Cap Holding takes majority stake in FORAFRIC

What's the deal? Morocco's Cap Holding has acquired a majority stake in FORAFRICDealroom has a profile for this one. Try Dealroom →, taking exclusive control of the milling business. The deal became effective on July 29, 2026.

What's the endgame? The acquisition strengthens Cap Holding's position in Morocco's milling and semolina sectors and pushes it into a new segment: pasta and couscous production. It also adds the Maymouna and Tria brands to a portfolio that includes Moony, Gato, and Ifoulki.

What changes? Cap Holding, chaired by Chakib Alj, expects the combined business to generate industrial, commercial, and logistical synergies by integrating production capacities, distribution networks, and technical expertise. The company said these efficiencies should create value and support job creation.

Who's the buyer? Cap Holding operates across several industries. Beyond grain sourcing and flour and semolina production, its activities span poultry through the Alf Mabrouk Group, packaging via Multisac, and automotive distribution through M Automotive.

The signal: The deal deepens consolidation in Morocco's agri-food industry, as Cap Holding builds out an integrated agri-industrial group with tighter control over sourcing, production, and distribution.

Read more: Morocco World News

Image credit: denisbin