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Bull Brand sold to Rhodes Food

24 Jun 2013

KAP Industrial Holdings (KAP) announced on Friday, 21 June 2013, that it has successfully concluded the sale of its food interests‚ being Bull Brand Foods and Brenner Mills.

Bull Brand has been sold to Rhodes Food Group (Pty) Ltd‚ the South African based diversified foods business‚ while Brenner has been sold to its management in terms of a management buy-out.

The sale is part of KAP's strategy to focus on strategic industrial assets within emerging markets.

Both transactions are subject to Competition Authorities approval. KAP will continue to manage the businesses until such time as the relevant approvals have been obtained.

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