Granal partners with Red Med Private Equity for accelerated expansion

Tuesday 25 March 2025 - 12:10

By: Zahouani Ilham

Granal partners with Red Med Private Equity for accelerated expansion

Granal, a key player in the quarrying industry and a subsidiary of Africorp Mining, is advancing its development with the entry of Red Med Private Equity (RMPE) into its capital. This strategic partnership sees the investment of RMPE's Colombus 1 fund, acquiring a 20% stake in Granal. This move will accelerate Granal’s "2025-2027" development plan, strengthening its territorial presence and solidifying its role in supporting Morocco's infrastructure.

The partnership will allow Granal to expand both nationally and internationally, ensuring closer proximity to customers and diversifying its product offerings to meet the growing demand for construction materials. New sites are planned, and Granal will diversify its activities, moving towards a more integrated approach to its operations.

Omar Lahlou, President of Granal, stated, “This deal marks a major milestone for Granal. The involvement of Red Med Private Equity (RMPE) provides us with the strategic resources to continue expanding, strengthen our client relationships, and support the development of Moroccan infrastructure with high-quality materials.”

Jaafar Harti, CEO of Africorp Consortium, emphasized, “Granal’s growth reflects Africorp’s vision of building centers of excellence and contributing to the country’s development. Our partnership with Red Med Private Equity (RMPE) will help Granal strengthen its position and expand across Morocco, anticipating the needs of the infrastructure and construction sectors.”

Mohamed Nasset, Managing Partner at Red Med Private Equity, remarked, “With our fourth investment from the Colombus 1 Fund, we continue our strategy of supporting local SMEs in executing strategic and ambitious industrial projects that create value for both our investments and shareholders. Our partnership with Africorp Consortium, coupled with a highly skilled management team, will enable Granal to solidify its position as a leading player in the construction materials sector.”

Since its inception, Granal has become a major player in the quarrying industry, expanding from a single site to nine, covering areas like Benslimane, Tangier, and Khemisset. The company is poised for further growth, with additional sites planned.

Under the leadership of Mounir El Grioui, General Director of Granal, the company has earned a reputation for excellence in quarry operations and industrial innovation. El Grioui stated, “At Granal, we have always relied on the expertise of our teams and the proximity to our clients. With this new dynamic, we will continue to structure our offerings and anticipate the needs of the infrastructure market.”

Granal integrates a responsible approach into its activities, with a CSR policy focusing on environmental protection, societal development, and local employment. Through investments in innovation and sustainable resource management, the company ensures a positive impact on the regions in which it operates.

The involvement of Red Med Private Equity (RMPE) in Granal is part of a shared vision for structured, sustainable growth, aimed at advancing Morocco’s infrastructure development.