AQUACULTURE
US families back Lesotho trout farm
CEO Hendrik Jordaan says Lesotho investment will help grow Sanlei into a formidable African trout producer and exporter
US-based private family capital fund One Thousand And One Voices (1K1V), which made two agribusinesses investments in SA in the past two years, has splashed out on a trout farm. On Monday, the fund announced an undisclosed investment for a controlling stake in Sanlei, a trout producer and processor with headquarters in Lesotho. Sanlei’s trout farm serves the South African and Japanese markets. The investment would help grow Sanlei into a formidable African trout producer and exporter, 1K1V CEO Hendrik Jordaan said. The company had already secured a strategic marketing and distribution agreement with supermarket chain CGC Japan, which had more than 4,000 stores, he said. Jordaan would not reveal the cost of the investment, but 1K1V has previously indicated a mandate to make investments of at least $10m in each company in its portfolio. 1K1V looked for competitive moats when building its investment portfolio, Jordaan said. Sanlei was located on the shores of the Katse Dam in the Lesot...
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