CASABLANCA, MOROCCO — Forafric Global PLC, a leading Moroccan grain trader and processor, has acquired 90% of Societe Industrielle de Minoterie du Sud (SIMS), a soft wheat milling company with primary operations in Marrakesh.

“This acquisition enables us to expand our crushing capacity rapidly by more than 300 tonnes per day with minimal capital investment,” said Saad Bendidi, chairman of Forafric. “SIMS has recently been operating at less than 50% capacity due to capital constraints. We are preparing to launch activity during August. Furthermore, this transaction represents a significant milestone toward our stated objective of doubling our crushing capacity over the next two years.”

Financial terms of the all-cash transaction were not disclosed, but Forafric did note that the deal includes the assumption of SIMS’ outstanding debt, which is scheduled to mature in yearly tranches over the next eight years.

Forafric has operations in both Morocco and Sub-Saharan Africa, offering a complete range of flour and semolina, as well as pasta and couscous. The company has 12 industrial units with 1 million tonnes of annual crushing capacity and 275,000 tonnes of storage capacity. The company also has two logistics platforms, more than 650 employees and revenues of more than $200 million.