Blog: Dean BestTakeover talks surrounds Bidvest's foodservice assets

Dean Best | 8 July 2011

just-food's expertise is in the packaged food manufacturing and food retail sectors but, every so often, a foodservice story emerges about which we feel we should alert our readers.

On Wednesday (6 July), South Africa-listed Bidvest Group said it had had takeover interest in its foodservice operations, which take in markets including the UK, Europe, southern Africa, China and Australia.

Bidvest said it had "recently received various unsolicited proposals" for the assets, which include the UK's 3663 Wholesale and Deli XL in Belgium and the Netherlands.

The company described that its foodservice operations as "an attractive business" and insisted they had "strong growth prospects".

Nonetheless, Bidvest is willing to listen. It said it had set up a "sub-committee" to carry out a "strategic review" of the foodservice business to look at whether the proposals would "optimise value for Bidvest shareholders".

Of course, Bidvest could just be demonstrating its fidicuiary duty. However, the company is clearly taking the approaches seriously and could look to strike a deal.

Reports have linked private-equity firms to the business, which some claim could be worth US$4bn.


BLOG

Food makers pressured to cut salts but Brits fail to see problem

Given the government's efforts to push manufacturers to lower the salt content of foods under the new Responsibility Deal, one would think more would be done - or should be done - to educate people ar...

BLOG

Popularity a challenge and opportunity for US organic movement

Growing demand for organic foods in the US is propelling sales in the sector. Organic products are moving from their niche to gain mainstream traction. Penetration is high - more than 80% of families ...

BLOG

How ABF is fighting back on sugar

The health story of 2014 has been the debate over the impact sugar has on obesity. The issue hit the headlines in January and has stayed there, with only yesterday a study published in the UK calling ...

BLOG

Asda goes all in on gluten-free pledge

With demand for gluten-free on the rise, retailers in a number of countries have been building ranges of products to capitalise on a significant growth spot in challenging trading conditions. In the U...

just-food homepage



Forgot your password?