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 Competition Commission said competition would not be affected by RFG’s move for a company that produces canned food under co-packing deals and not its own brands.
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RFG announced an agreement to buy Deemster, which manufactures products for third-party brands and retailers, for ZAR10m in February. The company said at the time the acquisition would enable it to enter new categories including beetroot and gherkins.
Deemster’s branded customers were not disclosed but RFG said the company produces private-label products for retailers including Pick n Pay, Spar and Woolworths Holdings.
