×

We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

The JSE’s food sector — now further tainted by the bitter disclosures at sector stalwart Tongaat Hulett — is churning the stomach of many an investor. Queasy sentiment, however, has not dulled the appetite of consumer brands conglomerate AVI for well-priced acquisition opportunities. AVI’s interim results presentation highlighted, in its investor proposition section, the acquisition of high-quality brand opportunities … "if available". While the presentation slide’s wording might betray an air of caution, AVI CEO Simon Crutchley remarked that there were some consumer-brand assets that might get into trouble. "This is a ‘winners’ and ‘losers’ environment, which might present some opportunities." While Crutchley did not delve into detail, market watchers will be aware that the JSE hosts a number of food businesses that are struggling for sustained traction. One suspects that parts of listed food businesses like Libstar and Rhodes Food Group — even Pioneer Foods — might interest AVI. A...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now

Would you like to comment on this article?
Register (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.

Commenting is subject to our house rules.