RCL Foods acquires 49% stake in Senn Foods
RCL Foods (RCL) announced on Friday, 9 May 2014, that it had acquired a 49% stake in Senn Foods Logistics through one of its operating subsidiaries‚ Vector Logistic.
Senn Foods is the largest cold-chain distribution business in Botswana and is involved in the distribution of dry‚ frozen and chilled foodstuffs. The business currently represents almost all of Vector's principals in Botswana including Rainbow‚ McCain‚ I&J and Fry's‚ as well as QSR customers Chicken Licken‚ Nando's‚ Spur and Wimpy.
"The acquisition is in line with RCL Foods' growth aspirations into Africa and Vector's long-term strategy to extend its reach into other African countries and to offer world-class logistics and sales solutions to existing and future partners in these countries‚" the company said.
Source: I-Net Bridge
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