Founded in 2003 by Moncef Belkhayat, Dislog Group continues to grow and plans to go public later this year.

The European Bank for Reconstruction and Development (EBRD) has approved a $25 million equity investment in Dislog Group, a Moroccan distributor of consumer goods and healthcare products. The announcement was made on January 21, following the bank’s approval on January 10, 2025.

This transaction, which is still subject to regulatory approval, will make the EBRD a strategic partner in Dislog alongside SPE Capital, which invested in the group in November 2024 through its AIF fund. According to the bank, this investment is part of a larger initiative led by a consortium including SPE Capital, the International Finance Corporation (IFC), Sanam Holding, Sanlam, and the family-owned holding company H&S.

The equity financing will support Dislog’s merger and acquisition (M&A) strategy and reduce its debt. The funds are earmarked for the acquisition of four companies involved in light manufacturing and distribution across low-risk environmental and social sectors. These acquisitions will take place in urban or industrial areas without affecting cultural heritage or biodiversity, the bank confirmed.

“2025 begins under good auspices. With this capital injection, Dislog Group will be able to strengthen its equity. We are very proud to have succeeded in institutionalizing our shareholder base with world-class financial partners,” said Moncef Belkhayat, Dislog Group’s Chairman and CEO.

Dislog aims to solidify its position in Morocco’s distribution sector, where it has operated since 2003. Over the years, the group has pursued an ambitious expansion strategy, making several acquisitions in healthcare, hygiene, and food sectors. In September 2024, it acquired Chef Sam, a Spanish food brand distributor, for $44 million, transforming itself from a local company into a regional player operating in 10 countries.

Previously, Dislog acquired French distributor Taste Distribution, Swiss chocolatier Carré Suisse, and the French company Culture de France, which specializes in processing fruits and vegetables. These strategic moves have reinforced its growth and positioned it as a key player in the region’s distribution and manufacturing industries.