Bahrain’s GFH acquires Gulf Central Co. for US$133 mn

Bahrain’s GFH has signed a deal to acquire Gulf Central Company, a KSA food services and logistics business, for 500 million riyals (US$133 million). According to a statement, the company, which has demonstrated strong financial performance and maintained robust results through multiple business cycles, boasts cross-country state of the art integrated warehousing and supply chain operations, an extensive premium product portfolio, and a diverse base of over 1,000 blue-chip customers, including HORECA players and retail brands in the kingdom. It also enjoys longstanding relationships with close to 200 international aggregators and producers.