United Foods Company (PSC) (DFM:UFC) will look for acquisition in local food market. United Foods Company is considering non-organic growth through acquisitions in the local food market and expects 2020 financials to be almost at par with the last year despite the Covid-19 pandemic, said its Chief Executive, Fethi Khiari. Fethi Khiari said there has been an impact of Covid-19 but decline in sales to cafeterias and restaurants have been compensated by increase in sales through hypermarkets. However, the group is facing challenges in exports to regional countries such as Syria, Iraq and Lebanon. "We are working on acquisitions and are in negotiations with a few firms in the local food industry. We also expect our financials to be three per cent lower or higher as compared to last year. We are expanding in distribution segment," Khiari said on the sidelines of an agreement signing ceremony to install new large-scale solar power panels at its Jebel Ali facility.