Transport big CMA CGM is ready to accumulate 100% of Fattal Group, in a significant deal involving certainly one of Lebanon’s greatest homegrown firms.
Based over 130 years in the past, Fattal has grown from a household enterprise right into a powerhouse working throughout 8 nations.
As we speak, it stands as one of many area’s main distribution platforms, spanning every thing from shopper items and electronics to prescription drugs and cosmetics.
Likelihood is, you’ve used one thing it distributes.
The group handles a protracted listing of worldwide manufacturers, together with Jack Daniel’s, Bacardi, Gray Goose, Corona, Oreo, Kraft, Calvin Klein, Guess, Roberto Cavalli, Dettol, Johnnie Walker, Lindt, Listerine, Oral-B, PlayStation, Hermès, Evian, Tylenol, Lipton, Unilever, Johnson & Johnson, and lots of extra.
On the opposite aspect, CMA CGM, based by Jacques Saadé and now led by Rodolphe Saadé, has grown into the world’s Third-largest transport firm.
What began as a single Mediterranean line now spans 420 ports throughout 177 nations, with a fleet of greater than 650 vessels.
The group has additionally been doubling down in Lebanon. It secured a 10-year deal in 2022 to handle the container terminal on the Port of Beirut, with a $33 million funding to improve it. It additionally owns the container terminal on the Port of Tripoli and operates a 20,000 sqm logistics warehouse within the Bekaa.
It even acquired Al Rifai again in 2021.
The deal is predicted to shut in Q3 2026, pending regulatory approval.
It’s a giant second, not only for the businesses concerned, however for Lebanon’s enterprise panorama, with a world participant based and operated by a Lebanese household now buying certainly one of Lebanon’s most established names.
