Teralys continues its rapid expansion in the agro-industrial sector with a major acquisition: Nutkao, one of Europe’s leading producers in cocoa and plant-based proteins. This strategic move strengthens Teralys’ international presence and highlights its commitment to the growth of the agro-industry.
According to a statement from Al Mada, the parent company, “the transaction will be finalized after obtaining the necessary regulatory approvals.”
Founded in 1982, Nutkao specializes in the production and distribution of cocoa-based products, as well as hazelnut and pistachio goods. With production units in Italy, Belgium, and the United States, the company also operates a cocoa processing plant in Ghana. Nutkao’s product range is distributed in 80 countries, with a strong focus on innovation to meet evolving consumer trends.
The acquisition aligns with Teralys’ long-term strategy to invest in transformational projects within the agro-industry, particularly those that enhance African resources and promote local production. Al Mada emphasized, “This deal is part of our strategy to bolster agro-industrial development by leveraging synergies between African resources and global markets.”
Teralys previously acquired the Senegalese group Patisen in 2023, and this new acquisition is expected to create industrial and commercial synergies between the two companies. Teralys also plans to expand Nutkao’s product line and strengthen its presence in key markets, especially across Africa.
Nutkao’s innovative approach, particularly in developing products aligned with new consumer trends, will be a key driver of growth under Teralys’ leadership.
