M&Z plc, a leading Maltese importer and distributor, has recently acquired Red October – a confectionery, wines, spirits, and tobacco importer and distributor.
In addition to expanding M&Z’s existing portfolio of confectionery products, said acquisition also establishes the company as an importer and distributor of wines and spirits and as a supplier to the hotel, restaurants, and catering industry.
The acquisition will also see M&Z taking on all of Red October’s current employees, should they wish to remain at the company.
“The acquisition is an important milestone for M&Z as it enables us, for the first time in our 100-year history, to fully service the hotel, restaurants, and catering industry,” Managing Director Greta Camilleri said.
“As our business continues to grow and develop, we remain committed to making M&Z the leading importer and supplier of the best known and most well-loved brands in Malta,” she continued.
Established in 1922, M&Z now represents a range of household names, such as Knorr, Bovril, Algida, Quorn, Vaseline, and Ben & Jerry’s.
The company’s latest acquisition will see it add brands of the likes of Kettle Chips, Walkers Biscuits, Werther’s Originals, and Kopparberg Cider to its product portfolio.
M&Z also recently completed a successful share offering to the public and began trading on the Malta Stock Exchange on 14th March 2022.
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