MASTER CHEWING GUM AND CANDIES CO SAL (“the Company”) successfully complete the sale of the business to an undisclosed buyer for an undisclosed amount.
This development carries implications for hospitality stakeholders and regional distribution networks.
The former shareholders transferred ownership to an undisclosed buyer, marking a pivotal moment for local food manufacturing. As part of the transaction, selected assets were transferred, including the registered trademarks Cheque and PIX. In addition, key operational components of the core business were included to ensure continuity.
The Ghandour and El Shaar families formally exited the company following completion of the transaction. Therefore, they no longer hold ownership stakes or management responsibilities within the business. In addition, they have no involvement in ongoing operations, future decisions or commercial activities. Moreover, the families confirm they are not affiliated with any current or future activities under the company name. As such, they are not responsible for any actions associated with the company or its brands.
The Ghandour and El Shaar families will focus on independent ventures and future brand development initiatives.
