Skip to main content

Rhodes Food Group to acquire Saint Pie

| On the move

South Africa's Rhodes Food Group is to buy pastry and pie maker Saint Pie in a R27m deal.

Saint Pie, set up in 1994, is a producer of pastry products, mainly savoury pies, and distributes to fuel station forecourts, food retailers and independent outlets throughout South Africa. It has distribution centres in Lydenburg, Pretoria and Welkom.

RFG said the acquisition would allow it to add to its existing pie business. It already has a pie and pastry facility in Gauteng that makes products under its Magpie brand. It also makes private-label products for South African retailer Woolworths Holdings.

The deal will see RFG pay R20m for Saint Pie, plus the company's R7m in liabilities.

Pin It

Related Articles

By: Myles Illidge - MyBroadband Shoprite’s e-commerce platforms have been immensely successful, so much so that the company has expanded on-demand deliveries to its wholesale Cash & Carry business.
By: Bloomberg  SPAR is planning to acquire smaller retailers to help South Africa’s second-largest grocer by revenue expand beyond the food segment and win market share in a struggling economy. 
Coca-Cola Beverages South Africa (CCBSA) has appointed Rakesh Rajbally as the new Managing Director (MD) and announced further strategic appointments within its Commercial and Manufacturing function aimed at strengthening leadership and driving gr...
By: Myles Illidge - MyBroadband Woolworths has started listing various tech products on its website, including smartphones, accessories, gaming consoles, laptops, and tablets. It has called the electronics section of its online store “WConnect”.
WCafe Waterstone is bigger, better and now, open much later, with a new menu to tempt all foodies.