Sevam glassmaker sold to French beverage producer

  

Moroccan container glassmaker Sevam has been sold to a French brewer.

Its owner, Moroccan investment fund Al Mada, sold it to the domestic subsidiary of the French group Castel, reports the Africaintelligence.fr website.

The Castel subsidiary, Brasseries of Morocco, is a specialist in the production of beverages and wines. The acquisition will allow the brewer to produce its own glass bottles for the packaging and sale of its products.

The shareholders of Société des boissons in Morocco decided to diversify the company's activity during a general meeting of shareholders a few months ago.

The brewing and malting company will soon be marketing food products and providing payment services in Morocco and other European markets.

Société des boissons du Maroc recorded a growth of 3.3% in its ‘beer’ business in the 2017 financial year.