Clover Industries

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Consortium takeover of Clover Industries approved with conditions

25 Sep 2019

A takeover of South African dairy group Clover Industries by a consortium of investors known has been approved by a competition tribunal

Clover Industries committed to creating jobs if takeover deal approved

19 Sep 2019

Clover Industries, South Africa's largest dairy group in the midst of a takeover deal, is to cut jobs as part of an efficiency drive.

Clover Industries investor Brimstone pulls out of consortium amid opposition

16 Apr 2019

A member of an investment consortium that struck a deal for South Africa's largest dairy company Clover Industries in February is pulling out.

South Africa's struggling Clover Industries snapped up by investor consortium

4 Feb 2019

A team of international investors have snapped up Clover Industries, South Africa's largest dairy company.

Clover Industries takeover talks ongoing

28 Jan 2019

Clover Industries' takeover talks remain live, the South Africa food-and-beverage group has revealed, three months after first announcing discussions were taking place.

South African dairy group Clover Industries in takeover talks

19 Oct 2018

Clover Industries, the South African dairy group, is in talks over a possible takeover.

Earnings summary - Bel Group sales hurt by regional turmoil; Ter Beke FY sales, profits surge on acquisition splurge; Del Monte Pacific books nine-month loss on one-off expenses; Calavo Growers' Q1s move ahead

9 Mar 2018

just-food presents the key metrics from company financials in bitesize format, with analyst insight and social media comment alongside graphs illustrating a business' historical performance to give you an easy-to-read digest of the numbers you need to know.

South Africa's Clover brings in Frantz Scheepers as new CFO

18 Oct 2017

South African dairy products group Clover Industries has appointed a new chief financial officer in the shape of Frantz Scheepers.

Clover Industries full-year EPS dives amid "constrained new reality"

12 Sep 2017

South African dairy group Clover Industries reported a 44% slide in its full-year operating profit, citing "once-off'' impacts from a prolonged drought, a wetter and cooler summer and volatility in the rand, factors it said were beyond its control.

Clover Industries profit warnings stack up as EPS forecast slashed

8 Sep 2017

South African dairy group Clover Industries issued another profit warning and slashed its earnings per share guidance by as much as 41% citing a prolonged drought and volatility in the rand.

Clover Industries FD Elton Bosch to leave

31 Jul 2017

South Africa-based dairy group Clover Industries has announced the departure of financial director Elton Bosch.

Clover Industries says FY profits could halve

31 May 2017

Clover Industries has warned it expects a drop in full-year profits of as much as 55% as the South African dairy group is squeezed by higher input costs and "subdued" consumer sentiment.

Clover Industries profit and sales volume under pressure

1 Mar 2017

South African food group Clover Industries has seen its profitability come under pressure from drought conditions, weak consumer sentiment and currency "volatility". 

Clover Industries gives fresh detail on restructuring

1 Feb 2017

Clover Industries, the South Africa-based food group, has published more details on its move to spin-off a business that sells its low-margin milk products.

Clover Industries forecasts fall in headline earnings

19 Jan 2017

South African dairy group Clover Industries has forecast lower headline earnings for the six months to 30 December.

Clover Industries takes stake in Olive Pride

16 Jan 2017

South African dairy group Clover Industries today (16 January) confirmed it will take a 51% stake in local olive supplier Olive Pride.

South African dairy group Clover Industries nears deal on olive firm Olive Pride

20 Dec 2016

Clover Industries is closing on a deal that would see the South Africa-based dairy group invest in olive supplier Olive Pride.

Clover Industries targets value-added dairy with restructure 

7 Dec 2016

South African dairy group Clover Industries is restructuring its business to increase its focus on value-added categories and limit its exposure to commoditised products. 

Clover "gains traction" in value-added dairy 

13 Sep 2016

South African food group Clover Industries said that its strategy to balance its portfolio by expanding in value-added dairy continued to "gain traction" this year. 

Clover Industries shrugs off cost inflation, price pressure

2 Mar 2016

Clover Industries reported higher sales and earnings for the first six months of its financial year, as the South African food group branded portfolio and a focus on higher value items enabled it to overcome pricing pressure in African markets. 

Clover Industries shrugs off price pressure in first half

1 Feb 2016

South African dairy group Clover Industries said it overcame pricing pressure caused by over-supply in the first half of its financial year and forecast an increase in sales and earnings for the period.

Clover earnings jump on pricing, margins

16 Sep 2015

South African branded food group Clover Industries booked a jump in full-year earnings on the back of higher selling prices and higher operating margins.

Food industry results in brief - Snyder's-Lance, Thai Union, SunOpta

14 Aug 2015

This week's results included an upbeat US snack group Snyder's-Lance reporting higher second-quarter sales and profits, improved half-year revenue and earnings at seafood giant Thai Union and declines at an acquisitive SunOpta.

Clover move for Nkunzi Milkyway assets cleared

27 Apr 2015

Clover Industries' move for fellow South African dairy firm Nkunzi Milkway has been cleared - with conditions - by the country's competition authority.

Clover to double yoghurt, custard capacity

19 Mar 2015

South African dairy group Clover Industries is investing ZAR65m (US$5.3m) to double its production capacity for yoghurt and custard in order to meet demand.

Clover earnings up on cost recovery

17 Mar 2015

Clover Industries, the South African dairy group, said this morning (17 March) that first-half margins improved thanks to its cost recovery initiatives, boosting the company's profits in the period.

South African dairy firm Clover Industries forecasts earnings boost

11 Feb 2015

South African dairy processor Clover Industries has forecast half-year earnings will rise by up to 46% on the back of success in pushing up prices.

Clover's DairyBelle buy conditionally cleared

16 Oct 2014

South African dairy processor Clover Industries has had its bid to buy the yoghurt and milk operations of local rival DairyBelle approved by competition officials - with a condition.

SOUTH AFRICA: Clover profits fall on currency, dairy costs

16 Sep 2014

South African dairy manufacturer Clover Industries has witnessed a drop in annual profits on the back of a weakening currency, pressure from commodity costs and industrial action in the country.

SOUTH AFRICA: Clover to buy Dairybelle's yoghurt, milk ops

12 May 2014

South African dairy firm Clover Industries is to buy the yoghurt and milk operations of local rival Dairybelle's for ZAR155m (US$14.9m).

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