Dari Couspate has completed the purchase of key industrial and land assets from Les Grandes Semouleries du Maroc, adding a durum wheat processing plant in Casablanca to its operations. The plant can process up to 240 tonnes of durum wheat per day and is expected to help the company secure supplies for its couscous and pasta business.
The deal was completed through ARDI MILLS, a wholly owned subsidiary of Dari Couspate, for 171 million dirhams ($17.4m). The final amount could rise by another 17.64 million dirhams if certain contractual conditions are met.
The acquisition was first announced in January 2025. Dari Couspate said all required conditions have now been met, including due diligence checks and approval from Morocco’s Competition Council.
To finance the new subsidiary, the company took out a bank loan worth 117.5 million dirhams during the first quarter of 2026.
Dari Couspate said the purchase forms part of its plan to gain greater control over its supply chain by bringing more of its production process in-house.
The move comes as the company deals with supply challenges. Revenue fell to 175.3 million dirhams in the first quarter of 2026, down 16.3 million dirhams from the same period a year earlier. The company said the decline was caused by logistical problems and severe congestion at ports, which slowed imports of durum wheat.
Despite those challenges, Dari Couspate reported annual revenue of 818.4 million dirhams in 2025 and a net profit of 52.39 million dirhams.
The company, which is listed on the Casablanca Stock Exchange, was trading at around 4,190 dirhams per share and paid a dividend of 140 dirhams per share for the 2025 financial year.
The Khalil family remains the company’s largest shareholder, holding 70.6% of the capital.
ARDI MILLS and Dari Couspate were advised on legal matters by Kettani Law Firm, led by Nadia Kettani, and on tax matters by HDID Consultants, headed by Mohamed HDID.
