South Africa's competition watchdog has cleared a potential move from local food group Libstar Holdings to buy Natural Herbs and Spices.

The Competition Commission of South Africa said today (18 June) it had approved the prospective deal without conditions.

However, the transaction has not yet been finalised. "Although approved by the competition board, [the] deal [is] not finalised as we are still busy with the due diligence," Libstar executive director André Naudé told just-food in an emailed response to questions about the reasons for the group's move. He could not be reached for further comment.

Libstar, which is majority-owned by UAE-based private-equity firm Abraaj, already sells herbs and spices through its Cape Herb & Spice division.

Natural Herbs and Spices' range includes rubs, bread dippers, herbs, spices and pestos.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

See Also: