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    Famous Brands acquires majority stake in Cater Chain Food Services

    Restaurant franchise group Famous Brands (Fbr) has acquired a 75% stake in Cater Chain Food Services to bolster its manufacturing capability.
    Famous Brands acquires majority stake in Cater Chain Food Services
    © Garcia Saaved - Fotolia.com

    Cater Chain distributes primarily red meat products to customers across SA and into certain markets in Africa.

    Famous Brands CE Kevin Hedderwick said on Monday, 8 December 2014, that the "major upside will be the opportunity to integrate currently outsourced business into the facility at a relatively low cost of entry and derive an immediate income stream".

    The company‚ whose portfolio includes Wimpy‚ Debonairs Pizza and Steers‚ said the deal whose value was not disclosed would be funded from its cash reserves.

    Source: BDpro via I-Net Bridge

    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
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