Tunisias Poulina Group Holding, has moved forward with a plan to acquire a majority stake in LandOr, a leading cheese producer, as the conglomerate pushes to expand and strengthen its agri food business.
Poulina said it submitted a nonbinding offer on Feb. 18 to Maghreb Private Equity Fund IV LLC for the purchase of a majority stake, held directly and indirectly, in LandOr. The company described the move as part of its broader growth strategy and a step toward consolidating its position in higher value food segments.
Both sides have signed the nonbinding offer as an initial step in what Poulina described as a structured divestment process.
