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Talem Africa Acquires Morocco-based Silver Food

Talem Africa (Talem) has bought 100 per cent of the shares of  Silver Food, the largest fish canning facility in Morocco, and its two wholly-owned subsidiaries SOPCODA and Silver Fishing. 

The three companies were part of Anouar Invest, a Moroccan family-owned conglomerate. 

Founded in 2004 and based in Casablanca, Morocco, Silver Food is an industry leader producing and selling canned tuna, mackerel and sardines, under three brands – Mario, Silver and Atlanta. Half of its sales are within the Moroccan market, with the other half set for export to other parts of Africa, the Middle East, Europe and the United States. Its subsidiary SOPCODA provides fish freezing services while Silver Fishing operates a 200-ton capacity deep-sea fishing vessel. Together, the three companies cover the entire value chain in the fish business. 

“This acquisition is a strategic move towards our goal to create a leading consumer-facing food and beverage player in Africa. Silver Food’s existing business has a solid grounding and provides an excellent platform to further accelerate revenue growth internationally. Our immediate focus will be international business development, especially in Africa and in Europe, and we are confident of being able to at least double the revenues in the next five years,” says Honoré Dainhi, CEO of Talem Africa. “We are very serious about our business ambitions in Africa and have some 15 priority countries in Africa for our investments. Currently we are reviewing a number of other acquisition opportunities so as to further diversify and grow our food and beverage business across Africa.”

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