Mezzan Holding’s Strength: Food Manufacturing and Distribution in Kuwait and GCC

“Our strength is in food manufacturing and distribution. We are very focused on our own brands and on our third-party partners. That business continued to perform extremely well for us. In a scenario where most of our competitors were in decline, we continued to grow,” says Garry Walsh, CEO of Mezzan Holding.

“Our industry peers and many of the food companies in the region had their business collapse in the fourth quarter. Last year, our business experienced 14 percent growth. We did very well in our core areas. In our less core areas, such as our catering business, we won some new contracts. Our turnover looks very good, but we are struggling with profitability as we bring those contracts up to scale. Our services business is our business with the UN. We describe it as food, but in more difficult environments. It continues to perform extremely well. Our FMCG business did well, also. In terms of industrial business, we started our new lube oil refinery and it performed well up until the end of last year. It has started the new year very strongly. Overall, we are very happy with where we are.”