Rhodes Food Group
The planned takeover by South Africa's Rhodes Food Group of local spices and condiments business Pakco has been given a conditional green light by competition authorities.
Rhodes Food Group, the South Africa-based business that has made six acquisitions in the last two years, has used a share issue to raise funds for more deals.
Rhodes Food Group, the South African condiments-to-canned pineapple group, has booked a jump in annual earnings for its 2016 financial year, boosted by increased turnover of 37% to ZAR4.1bn (US$285m) for the 2016 financial year.
Rhodes Food Group, the South African condiments-to-canned pineapple group, has forecast its annual earnings will rise by more than 60%.
South Africa's Rhodes Food Group is acquiring KwaZulu-Natal based pie producer Ma Baker for ZAR212m (US$15.4m).
Rhodes Food Group, the South African company, said today (4 October) it plans to buy local spices and condiments business Pakco.
Rhodes Food Group, the South African condiments-to-canned pineapple group, has booked a jump in first-half earnings, boosted by higher sales.
South African convenience foods maker Rhodes Food Group has reported a rise in full-year profits on the back of increased sales.
South African food maker Rhodes Food Group Holdings has announced the acquisition of halal bakery group Alibaba Foods for ZAR42m.
Rhodes Food Group will acquire a General Mills South African unit that supplies frozen and dry-mix bakery products to the convenience sector.
Rhodes Food Group's acquisition of fellow South African food company Deemster has received the all-clear from the country's competition watchdog.
South Africa's Rhodes Food Group is to buy pastry and pie maker Saint Pie in a ZAR27m (US$2.2m) deal.
South African food company Rhodes Food Group Holdings has raised ZAR1.22bn (US$108.4m) through its planned IPO.
South African fresh and canned food processor Rhodes Food Group Holdings plans to list new shares on the Johannesburg stock exchange in a move that could raise as much as ZAR1.35bn (US$122m).
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