RHODES Food Group has entered into a spicy deal that will see it acquire Durban-based Pakco for R200m. Pakco is a manufacturer of spices, condiments, instant meals and complementary products. The company packs and distributes bottled and canned foods under its own brands and private label. Some of its brands include Bisto, Trotters and Hinds, Gold Dish and Pakco spices and pickles. Rhodes’ board of directors said the acquisition presented an attractive investment opportunity which was aligned with the company’s strategy of expanding its business operations through value accretive acquisitions. "This acquisition will enhance Rhodes Food’s position in the canned foods as well as the salads and pickles categories, while the dry-packed products offer the opportunity to enter into a new category.… RFG [Rhodes Food Group] believes that Pakco owns valuable brands which are well known and used by consumers. "Rhodes Food is well positioned to improve Pakco’s volumes and profitability in the ...
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