Mezzan creates a joint venture to bolster position in Kuwait's healthcare industry

The JV will distribute medical products and equipment made by Medtronic-Covidien

  

Kuwait: Mezzan Holding KSC, one of the largest manufacturers and distributors of food, beverage, FMCG and Healthcare products in the Gulf, today announced that one of its fully-owned subsidiaries has signed a joint venture agreement with a limited liability company in Kuwait to manage and operate a distribution agreement for the sale and distribution of Medtronic & Covidien medical products and equipment, catering to consumers’ diabetes and other health care needs in the State of Kuwait

Mezzan’s subsidiary has 51% ownership in JV, which grants Mezzan’s subsidiary rights of distributorship from Medtronic – Covidien; the world's largest medical and surgical device makers and healthcare providers of medical technology.

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About Mezzan Holding:
■ Operates in seven countries through 29 subsidiaries with more than 7,500 employees

■ Distributes over 25,000 Stock Keeping Units (SKU), making it one of the largest operators in terms of SKUs, unit sales, market share and in terms of share of revenues of total consumer spending in consumer categories served by the company

■ Active in various segments of the consumer staple industry supported by long-standing relationships with Johnson & Johnson, Olayan Kimberly-Clark, Reckitt Benckiser, General Mills, Arla Foods, Sara Lee and many other leading brands and manufacturers

■ Serves over 100,000 meals a day in Kuwait, Qatar and the UAE through its catering business

■ Has a total of 130,000 square meters in food, beverage and FMCG manufacturing facilities in Kuwait, Qatar, UAE and Afghanistan

■ Leverages long-standing relationships with private and cooperative supermarkets

■ Vertically integrated into complementary business operations, including packaging, catering, contract services and logistics

■ Food services customers include multinational fast food chains, airline catering services and large food services companies.

Mezzan Holding is a 70-year old company that was listed on the Kuwait Stock Exchange in the second quarter of 2015. The company is headquartered in Kuwait with direct operational activities in Kuwait, UAE, Qatar, Saudi Arabia, Iraq, Jordan, and Afghanistan.

For more information, please contact:
Fawaz Al-Sirri | +965 66622448 | fawaz@bensirri.com 

© Press Release 2019

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