Delice Holding

What Delice Holding does

Delice Holding is a publicly listed Tunisian food and beverage group, headquartered in La Goulette (Tunis) and operating as Tunisia's N#1 dairy brand with over 40 years of market presence since the founding of STIAL in 1978. The group manufactures and distributes milk (semi-skimmed, full-cream, and skimmed UHT formats), yogurt, spreadable specialty cheese (Tartare line), carbonated soft drinks (D\u00e9lio, Punch), juices and nectars (Fruzzy, Danao, Blendy, D\u00e9lice Water), and dairy-based desserts (Danette Li\u00e9geois, Delishake, Mamzouj/Mamjouz) through eight operating subsidiaries, including Centrale Laiti\u00e8re du Cap-Bon (CLC), Centrale Laiti\u00e8re du Nord (CLN), Centrale Laiti\u00e8re de Sidi-Bouzid (CLSB), Soci\u00e9t\u00e9 des Boissons du Cap Bon (SBC), Compagnie Fromag\u00e8re (CF, a joint venture with Savencia/Bongrain since 2008), Delta Plastic, SOCOGES, and STIAL (in which Danone holds a 50% stake since 1997).

The business model is vertically integrated B2C retail: the group procures raw milk from 75,000 small farmers via 153 collection centers, processes over 400 million liters annually across factories located in the four corners of Tunisia, produces plastic packaging in-house through Delta Plastic, and distributes finished goods nationwide through SOCOGES to retail stores. Pricing is standard unit retail pricing through Tunisian stores with pay-as-you-go billing; the group serves more than 8 million consumers per day. Reported 2024 financials show consolidated revenue of 1,454 TND million (+4% YoY), gross margin of 397 TND million, operating result of 123 TND million (+2%), and net income of 101 TND million (+3%), with a 64% equity / 36% debt capital structure, 9.4% ROA, 19.7% ROE, and 18% ROCE. Strategic governance is family-controlled via the MEDDEB family, with Mohamed MEDDEB serving as Pr\u00e9sident Directeur G\u00e9n\u00e9ral and several family members on the Board of Directors.

Name

Delice Holding

Legal name

DELICE HOLDING

Website

https://delice.tn

Company type

Public

Founded year

1978

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Delice Holding is Tunisia's leading publicly listed dairy and beverage group, manufacturing UHT milk, yogurt, cheese, juices, carbonated drinks, and water through eight subsidiaries and distributing nationwide via SOCOGES to more than 8 million consumers per day.

Ownership category

akta.pro rank

Product category

Dairy Products

NAICS

Dairy Product Manufacturing (3115), Beverage Manufacturing (3121)

SIC

Dairy Products (2020), Beverages (2080)

akta.pro primary industry

Private Label/Co-Manufactured Fluid Milk Processing (AFAHAAAI)

akta.pro secondary industries

Cheese (Natural & Processed) (CRADACAC), Yogurt & Cultured Dairy (Yogurt, Kefir, Sour Cream, Cottage Cheese) (CRADACAB), Drinkable Yogurt & Kefir Manufacturing (AFAHADAC), Refrigerated Juices & Smoothies (CRADACAL)

Keywords

• Dairy products
• Milk processing
• Juice beverages
• Cheese production
• Bottled manufacturing

Headquarters

HQ city

Tunis

HQ country

Tunisia

HQ region

Africa

Offices6 records

Markets served

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

1. Dairy Products: Production and sale of milk (semi-skimmed, full-cream, skimmed), yogurt, cheese, and dairy derivatives through STIAL and other subsidiaries. Core revenue stream with market leadership position in Tunisia.
2. Juices and Drinks: Production and sale of carbonated soft drinks (Délio, Punch brands), juices (Fruzzy, nectar varieties), juice beverages, and summer edition drinks through SBC subsidiary.
3. Cheese Products: Production of spreadable cheese specialties (Tartare brand) through Compagnie Fromagère (CF) joint venture with Savencia/Bongrain.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Delice Holding is Tunisia's leading dairy and beverage group that manufactures, packages and distributes a broad portfolio of consumer products including UHT milk (semi-skimmed, full-cream, skimmed), yogurt and dairy desserts, spreadable specialty cheese (Tartare), carbonated soft drinks (Délio, Punch), juices and nectars (Fruzzy, Danao), flavored milk (Délisso, Mamzouj, Delishake) and bottled water. Production is carried out through multiple operating subsidiaries (STIAL, CLC, CLN, CLSB, SBC, Compagnie Fromagère, Delta Plastic) located across Tunisia, with commercialization and nationwide distribution handled by SOCOGES.

Product overview

Délice Holding is Tunisia's leading dairy and beverages group with over 40 years of experience (since 1978), operating multiple factories across Tunisia. Its product portfolio spans three core categories: (1) Dairy Products — including UHT semi-skimmed milk (1L, Slim and Base formats), full-cream milk, skimmed milk (0% fat), flavored milk drinks (Délisso Vanilla/Fraise 10cl, Mamzouj/Mamjouz Strawberry/Vanilla 100g, Délice Plus, Delishake Cappuccino), light cream, Danette Liégeois dessert dairy, and spreadable specialty cheeses (Tartare Garlic & Fine Herbs, Tartare aux 3 Poivres); (2) Juices & Beverages — including the Délio carbonated flavored drink line (Ananas, Apple, Pear, Mint, Peach, Fraise — 250ml), the Fruzzy juice beverage line (Tropical 19cl, Orange 19cl/125ml), Danao milk and fruit juice beverages (Peach Apricot 200ml), nectar range (Tropical, Orange, Mango, Multivitaminé, Ananas, Pear, Pêche, Fruits Blancs — 1L and 20cl formats), summer seasonal editions (Lemonadha, Mojito Citron & Menthe), Punch carbonated drinks (Ananas, Apple, Orange, Pulpe, Cidre, Lime — 1.5L/1L/0.5L/0.3L), and Blendy fruit blends (Pomme Kiwi, Framboise); and (3) Water — Délice Water. The group also manufactures and distributes these products across all of Tunisia.

Differentiator

Problem solved

Functional benefit

Brands

• Délio: Carbonated flavored drink brand including flavors: Ananas (Pineapple), Pomme (Apple), Poire (Pear), Menthe (Mint), Fraise (Strawberry), Péche (Peach)
• Fruzzy
• Punch
• Danao
• Délisso
• Délice Water
• Tartare
• Delishake
• Danette Liégeois
• Mamzouj/Mamjouz

Products and services

• UHT Semi-Skimmed Milk UHT semi-skimmed milk in 1 liter format (Slim and Base variants) with 6-month shelf life, bioavailable nutrients, stabilizer E339. Targeted at Tunisian consumers seeking quality dairy for daily nutrition.
• Full-Cream and Skimmed Milk Full-cream whole milk in 1L format and Délice Lait 0% (skimmed, 0% fat) variants in the Délice UHT milk range, for Tunisian consumers across multiple nutrition needs.
• Flavored Milk and Dairy Snacks (Délisso, Mamzouj, Delishake)

Quantifiable outcome

• 8+ million consumers served daily
• +3 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Two partnerships are on record, tiered core.

• Savencia Fromage & Dairy (formerly Bongrain)coreStrategic or Co-development Partner · 1 January 2008In 2008, a new strategic partnership with a global leader further strengthened Delice Group's remarkable growth through creation of the cheese company partnership with Bongrain (now Savencia). This led to establishment of Compagnie Fromagère (CF) at Bousalem, specializing in cheese production from fresh milk.
• Danone (Compagnie Gervais Danone - CGD)coreStrategic or Co-development Partner · 1 January 1997In 1997, Delice Group formed strategic partnership with Danone by ceding 50% of STIAL and SOCOGES capital to Compagnie Gervais Danone (CGD). This alliance positioned the Group as leader in Tunisian fresh dairy products market. The partnership brought international expertise and brand standards to Delice's operations.

Scale indicators17 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Danone: Global dairy and plant-based nutrition leader with yogurt, milk, and dairy dessert portfolios. 50/50 JV partner in Delice's STIAL and SOCOGES subsidiaries since 1997, making Danone the most directly comparable peer given shared products, customers, and operational entanglement.
• Savencia Fromage & Dairy: French specialty cheese company and JV partner with Delice in Compagnie Fromag\u00e8re since 2008. Operates cheese production from fresh milk and brings direct comparability on the Tartare spreadable cheese line and JV economics.

Regional players

• Juhayna Food Industries: Leading Egyptian dairy and juice manufacturer with vertically integrated model spanning collection, processing, and distribution. Closest regional comparable given similar MENA operating environment, multi-category portfolio (dairy, juice), and household brand positioning.
• Almarai Company: Saudi Arabia's largest vertically integrated dairy company with branded dairy, juice, and bakery operations across MENA. Highly comparable business model: integrated supply chain, multi-category brand portfolio, and dominant regional market position.
• Tnuva Group: Israel's largest dairy company with vertically integrated dairy and cheese operations. Comparable on regional Middle East dairy leadership, integrated farmer-processor model, and branded dairy market dominance.
• Soummam Group (Danone Algeria): Major Algerian dairy and beverage manufacturer (with Danone partnership history) operating in adjacent North African market. Comparable regional model, French partnership legacy, and dairy/beverage portfolio overlap with Delice.

Broad incumbents

• M\u00fcllermilch: Germany-based branded dairy company with strong UHT milk and flavored dairy portfolio. Comparable on UHT milk processing technology, branded dairy positioning, and flavor innovation strategies (similar to Delisso, Delishake).
• FrieslandCampina: Dutch dairy cooperative and one of the world's largest dairy processors with branded milk, yogurt, and cheese products. Comparable on dairy processing scale, farmer cooperative supply model, and international branded dairy expertise.
• Lactalis: World's largest dairy group with broad portfolio across cheese, milk, yogurt, and dairy ingredients. Direct product overlap with Delice's dairy and cheese lines, though at far larger scale and with global rather than national focus.
• Nestl\u00e9: Global FMCG giant with extensive dairy (Nido, Milkmaid), beverages, and nutrition portfolios. Comparable on multi-category branded dairy/beverage mix and global manufacturing expertise, though vastly broader in scale and category scope.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/delice-holding

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Delice Holding