Advertise your job vacancies

Subscribe & Follow

Interviews

Jobs

FMCG Junior Key Account Manager Cape Town

Rhodes Food Group to acquire Pakco

Rhodes Food Group intends acquiring instant food maker Pakco, whose brands include Bisto gravy and Trotters jelly, in exchange for shares valued at R200m.

By Robert Laing

5 Oct 2016

Rhodes said buying Durban-based Pakco would help it to enter the "dry-packed products" market in which it is not yet a player.

Pakco also makes canned foods — sold under the Gold Dish brand — and salads and pickles, which Rhodes said in Tuesday’s statement would enhance its product range.

Rhodes said Pakco owned valuable brands which are well known and used by consumers, and it believed it was well positioned to improve Pakco’s volumes and profitability in the medium term.

In the "dry packed meal solutions" category, Packo’s brands include Southern Coating and Buffalo besides Bisto.

Its dry packed desserts include Hinds and Trotters.

Source: BDpro

Source: I-Net Bridge

For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.

We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.

Go to: http://www.inet.co.za