(MENAFN- Bensirri PR) Kuwait, 18 November 2025 — Mezzan Holding Co. KSCP (Mezzan Holding), one of the largest manufacturers and distributors of food, beverage, FMCG, and healthcare products in the Gulf region, today announced that it has entered into an agreement to acquire Gulf Trading and Refrigerating Company W.L.L. (GTRC), a Kuwait-based distributor of leading global brands, including Mars Wrigley and Colgate-Palmolive.

Mezzan Holding will be acquiring GTRC for a total of KWD 23 million from its two owners: Yusuf Ahmed Alghanim & Sons Co. W.L.L. and A I Opco for Sale & Purchase of Shares and Bonds Co. SPC.

Mezzan Holding Vice Chairman Mr. Mohammad Jassim Al-Wazzan commented on the acquisition:

“Both GTRC and Mezzan Holding share a principled approach and an unwavering commitment to quality and operational excellence, and have earned a strong reputation in Kuwait and beyond for investing in their people, nurturing long-term relationships, and building trusted brands. We are deeply appreciative of the trust that Mr. Kutayba Yusuf Alghanim has placed in Mezzan Holding by entrusting GTRC to us. I also thank Mezzan Holding’s Board of Directors and management team for their instrumental role in reaching this agreement.”

Mr. Amr Farghal, Mezzan Holding CEO of Food & FMCG, and Chairman of the Executive Committee, commented on the acquisition:


“This is a significant move for Mezzan Holding. With this acquisition, we will add 23 new partnerships with loved and in-demand food and FMCG brands, including Mars Wrigley and Colgate-Palmolive, further strengthening our role as a trusted steward of global brands in Kuwait, some of which we have represented for more than 50 years. We look forward to welcoming our new colleagues from GTRC, whose focus on partnerships, disciplined execution, and serving customers and principals is closely aligned with Mezzan Holding’s values. We greatly value the confidence GTRC’s shareholders have placed in us and look forward to welcoming GTRC into the group and working together to grow our partner brands in Kuwait.”


The acquisition was approved by Mezzan Holding’s Board of Directors on 17 November 2025, and the transaction documents were signed earlier today by all parties. The transaction will be financed from Mezzan Holding’s existing cash and banking facilities, without raising new debt, and remains subject to customary regulatory approvals and other closing conditions. It is expected to close by 31 March 2026 and will be reflected in Mezzan Holding’s quarterly financial results for the period in which legal ownership is transferred and the acquisition is completed.

Mezzan Holding is an 80-year-old company that was listed on the Kuwait Stock Exchange in 2015. The company is headquartered in Kuwait with direct operational activities in Kuwait, UAE, Qatar, Saudi Arabia,and Jordan.

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