Pioneers purchases Arab Dairy

Arab Dairy Products of Egypt is being purchased by Egyptian financial investment firm Pioneers Holding. The deal, worth €27.2m, is expected to be completed by the end of 2014. Pioneers already owns 25% of the dairy. Arab Dairy makes Panda, its flagship brand, which comes in feta cheese, triangle cheese, mozzarella, cheddar, Istanbully and parmesan cheese. The Dairy brand also comes in Feta form; triangles and Cheddar block form as well as Mesh, a flavoured spicy Egyptian cheese. It exports across the Middle Eastern region to countries including Lebanon, Jordan, Libya, the UAE, Saudi Arabia, Palestine, Bahrain, Oman and Kuwait.