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Transmed – a leading regional full-service distribution company – has announced the acquisition of a majority stake in DEMAK, a leading Turkish importer and distributor of food products.Transmed's acquisition of DEMAK was concluded based on financial consultations provided by Earnest & Young, with Bank Audi and Bank Med serving as their banking associates. The deal will see DEMAK's brand name eventually change to 'Transmed Turkey'.Established in Lebanon in 1946, Transmed focuses on the distribution of an extensive range of food, household and personal care products, including Procter & Gamble, Clorox, Mars, Sysco, Fontera, Danone, Kellogg's and many others.
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