Group 1 - Portuguese firms Cerealis and Better Foods have agreed to combine their milling activities into a new jointly owned business, with a 50/50 ownership structure [1][3] - Better Foods Group claims to be the largest milling group in Portugal, while Cerealis has a long history dating back to 1919 and was acquired by investment firms in 2021 [2][5] - The merger aims to enhance competitiveness and industrial capacity in the Portuguese milling sector, responding to market transformations and value chain consolidation [3][4] Group 2 - The merger is expected to improve efficiency, investment capacity, and service delivery, benefiting customers, employees, and partners [4] - Cerealis processes over 440,000 tons of cereals annually and employs more than 760 people, with a diverse product range sold globally [5] - The deal is subject to review by the Portuguese competition authority, Autoridade da Concorrência [4]

Core Insights - Forafric Global has appointed Khalid Assari as Chairman of the Board, effective April 4th, 2025, replacing Saad Bendidi [1][2] - Khalid Assari has a strong background in the agricultural business, previously holding senior positions at Caisse de Dépôts (CDG Group) and holds an MBA in finance [2] - Forafric is a leading agribusiness in Africa, specializing in milling and exporting products to over 45 countries, with plans for further expansion in Morocco [3] Company Overview - Forafric operates in Morocco and Sub-Saharan Africa, focusing on flour, semolina, pasta, and couscous production [3] - The company has 12 industrial units and 2 logistics platforms, positioning itself as a leader in the milling industry [3] - Forafric aims to continue its growth trajectory within the Moroccan market [3]