UAE-based dairy manufacturer National Food Products Company is reportedly eyeing a sale of a majority stake in its business.

According to Reuters, citing people familiar with the matter, the company which also distributes products including Milco and Lacnor, has appointed Emirates Investment Bank to manage the sale which could see the founding shareholders divest up to 51% of the company.

A deal could look to fetch around US$1.5bn.

National Food Products Co. has a joint venture with Arla Foods which sees it distribute the diary giant's Lurpak, Three Cows and Puck products across the region.

The group also owns Lacnor, a French-owned enterprise based in Sharjah, UAE, which it acquired in 1981. Lacnor produces long-life milk and fruit juices.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The company could not be reached for comment at time of press.

It was founded in 1971 by Lebanese-born businessman Fady Antonios and the local Bin Hamoodah group, a conglomerate with interests in oil and gas, automotive and real estate.