HomeBusiness100 employees brought back by Kenafric after acquiring Britania

    100 employees brought back by Kenafric after acquiring Britania

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    Following its Sh1 billion acquisition of the struggling biscuit manufacturer Britania Foods Limited, the food, and beverage conglomerate Kenafric Group has brought back a third of the workers who had been put on indefinite layoff.

    Of the 300 employees that were dismissed by Britannia Industries in 2020, Kenafric reinstated 100 of them after the takeover.

    Keval Shah, the chief executive officer of Kenafric, stated that the company spent 2 months renovating the factory and purchasing the essential equipment in preparation for the start of operations.

    Britania Foods filed for bankruptcy after being declared penniless following a string of extended financial problems.

    By the end of the next week, the first shipment of products with the new brand name Britannia is anticipated to reach consumers.

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