Libstar upbeat over new products amid changing shopping patterns
Food maker says improved lines have helped it outperform peers
Food manufacturer Libstar says rapid introduction of new and improved products has helped it outperform peers in its first half to end-June. It is confident in its position as the industry grapples with rising input costs, more frugal customers and shifts in shopping behaviour.
The producer of a raft of products — including Lancewood cheeses, Robertsons baking aids and Denny mushrooms — managed to grow revenue in its food business by 10% in its six months to end-June, CEO Andries van Rensburg said on Wednesday...