Source - SMW
Edita Food Industries has entered into an agreement with Saudi Arabia's  Khalifa A.Algosaibi Cold Stores for distribution of Edita's Hoho's, Twinkies and Tiger Tail (HTT) brands in the KSA.

Edita says the agreement capitalises on the previously announced deal with Hostess Brands LLC that expanded Edita's ownership of its Hoho's, Twinkies and Tiger Tail brands (HTT) to 12 new countries across the Middle East and North Africa while also acquiring the right to manufacture and market 11 other Hostess Brands on a regional basis. 

The agreement reinforces Edita's regional expansion strategy and further consolidates its position as the leading company in the packaged snack food market.

Edita also says it  has secured new bank financing from the Arab Bank in the form of a medium term loan with a value of up to EGP170 Million and a tenor of seven years (including the grace period) to finance the construction and utilities of the new factory E08, and bank financing in the form a medium term loan of up to €6m  with a tenor of seven and half years to finance the new line expansion plan.