Cairo - Mubasher: Edita Food Industries has penned an asset purchase agreement with a regional food company to acquire production machinery for EGP 320 million.

The acquisition includes two cake production lines, two bakery production lines, and other industry-related machinery, according to a bourse disclosure.

Meanwhile, the additional lines are expected to boost Edita’s production capacity by approximately 15% in its core segments, cakes, and croissants.

During the January-June 2025 period, Edita posted 18.85% year-on-year (YoY) higher consolidated net profits after tax at EGP 1.01 billion, compared to EGP 856.28 million.