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New Windoria group to buy Saudi condiments firm Al-Fursan
Yahoo Finance· 2025-10-01 18:08
Core Insights - Windoria, a newly-formed private-label manufacturer, is set to acquire Al-Fursan Al-Maghawear, a Saudi Arabian manufacturer and distributor of sauces and condiments, with the deal expected to close by the end of October [1][3] - The acquisition marks the first majority transaction in Saudi Arabia by a company backed by a European private equity firm, highlighting the growth potential in the region [4] Company Overview - Al-Fursan specializes in sauces and condiments, particularly ketchup and vinegar, and owns several brands including Baidar. The company has around 300 employees and operates a manufacturing facility in Riyadh, supported by a distribution network of six sales offices and seven warehouses across Saudi Arabia [2] - Windoria was formed by combining US private-label manufacturer Winland Foods and Italy's La Doria, generating $4 billion in sales prior to the acquisition [1][5] Strategic Implications - The transaction is expected to leverage local and regional expertise, supporting expansion and innovation in the Middle East's condiment sector [3] - Investindustrial, Windoria's private-equity backer, aims to transform local champions into global leaders, focusing on continuous improvement and innovation [5]
Former President Obama's wild ketchup take isn't new
NBC News· 2025-07-25 23:04
You should not eat ketchup after the age of eight. This is a hot take former President Obama has had for years. Is ketchup on a hot dog ever acceptable.No. No. I mean I mean I mean that that's one of those things like Well, let me put it this way.It's not acceptable past the age of eight. And his feelings on ketchup don't seem limited to just hot dogs. One cheeseburger and one fries for me.Let me get the jalapenos and tomatoes, mustard. That's it for me. This is him in 2010 grabbing a burger with the then p ...
X @Bloomberg
Bloomberg· 2025-07-14 14:12
What the breakup of Kraft Heinz could mean for ketchup, Oscar Mayer hot dogs and Velveeta https://t.co/DtbhZkIGDB ...