Epik Meals, the dynamic UAE-born F&B group, has introduced the acquisition of 1762, the famend gourmand deli beforehand beneath the Yolk Manufacturers umbrella. This strategic acquisition marks a key milestone in Epik Meals’ expansive progress trajectory and reinforces its dedication to delivering distinctive eating experiences whereas strengthening its presence within the Center East’s rising F&B panorama.
The acquisition follows Epik Meals’ securing of $15.5 million in personal capital funding from Ruya Non-public Capital I, LP, a fund managed by Ruya Companions. This funding has supplied the monetary backing for Epik Meals to scale its operations, improve its current manufacturers, and pursue strategic progress alternatives. With over 60 manufacturers throughout 50 places, the group continues to determine itself as a dominant participant within the area’s meals and beverage trade. As a part of its regional growth technique, Epik Meals has already secured a primary location for 1762 in Saudi Arabia, additional cementing its plans to construct on gourmand eating experiences throughout the GCC.
1762 has lengthy been celebrated for its dedication to delivering high-quality gourmand meals and distinctive customer support. The model boasts a loyal following and operates in prime places throughout Dubai’s enterprise districts, serving each company purchasers and personal prospects. Its status in premium catering companies has additionally positioned the model as a trusted accomplice for a variety of high-profile occasions. Whereas 1762 will retain its current branding, Epik Meals will present operational and strategic assist to reinforce efficiencies and streamline logistics. The management groups of each teams will work intently collectively to make sure a seamless integration, sustaining the model’s excessive requirements and guaranteeing a easy transition for each prospects and workers.
Khaled Fadly, CEO and Co-founder of Epik Meals, stated “1762 is a model with a wealthy legacy and large potential, recognised for its deep reference to prospects and lasting affect within the F&B panorama. Its robust status for high quality meals, distinctive service, and a gourmand deli eating expertise make it an ideal addition to our portfolio. By buying 1762, we are able to increase our attain in gourmand eating and catering sectors, diversify our choices, and gasoline the model’s potential to enter new markets, beginning with Saudi Arabia and lengthening throughout the broader area. We’re excited to construct on the success of 1762 and leverage our operational experience to streamline efficiencies and enhance the general expertise.”
Steve Flawith, CEO and Founding father of Yolk Manufacturers, stated “The acquisition of 1762 is a testomony to the model’s energy and the loyal following we constructed over time. The workforce at Epik Meals have the imaginative and prescient and experience to increase 1762 into new markets whereas preserving the core id and values we’ve labored exhausting to determine. I consider that the true middle of any model lies in its folks, and I’m assured that Khaled and Ranya are the fitting leaders to take this one to even better heights. I’m excited to see how this transition will unlock new progress alternatives, and I look ahead to watching 1762 proceed to thrive beneath their management.”
This acquisition permits Epik Meals to diversify its model portfolio, strengthen its presence within the gourmand F&B sector, and increase its capabilities in company catering, which is a rising focus for the corporate. With a robust emphasis on innovation, buyer expertise, and regional growth, Epik Meals is poised to raise 1762’s legacy whereas driving new progress alternatives throughout the area.
The submit EPIK FOODS ACQUIRES 1762 TO EXPAND ITS PORTFOLIO OF GOURMET F&B CONCEPTS appeared first on Hotel & Catering.