Forafric Acquires 90% Of SIMS Mill In Marrakesh Increasing Crushing Capacity To More Than 300 Tons Per Day; Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Forafric has acquired the SIMS mill in Marrakesh, which will increase its crushing capacity to over 300 tons per day. The terms of the deal were not disclosed.
July 31, 2023 | 12:18 pm
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POSITIVE IMPACT
Forafric's acquisition of the SIMS mill could potentially increase its production capacity, which may have a positive impact on its stock.
The acquisition of the SIMS mill by Forafric could lead to an increase in production capacity. This could potentially lead to increased revenues and profitability, which could have a positive impact on the company's stock price. However, the terms of the deal were not disclosed, so the financial impact is uncertain.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100