Skip to main content

Rhodes Food Group to acquire Pakco

| Supplier news

Rhodes Food Group intends acquiring instant food maker Pakco, whose brands include Bisto gravy and Trotters jelly, in exchange for shares valued at R200m.

Rhodes said buying Durban-based Pakco would help it to enter the "dry-packed products" market in which it is not yet a player.

Pakco also makes canned foods — sold under the Gold Dish brand — and salads and pickles, which Rhodes said in Tuesday’s statement would enhance its product range.

Rhodes said Pakco owned valuable brands which are well known and used by consumers, and it believed it was well positioned to improve Pakco’s volumes and profitability in the medium term.

In the "dry packed meal solutions" category, Packo’s brands include Southern Coating and Buffalo besides Bisto.

Its dry packed desserts include Hinds and Trotters.


Related Articles

Festive family fashion alert - Pick n Pay unvei...

Forget fugly clichéd holiday-themed jerseys: matching family pyjamas is the latest craze for the holidays and is flying off the shelves, says Pick n Pay Clothing.

Liberty Accelerates Unclaimed Benefits Pay Outs 

As part of its ongoing Unclaimed Benefits Funds tracing efforts, this year, Liberty has identified in excess of 13 000 people and paid over R105 million to members and beneficiaries who had a legitimate claim.

Shoprite and Checkers support small suppliers t...

Shoprite and Checkers are helping small suppliers grow their volumes this Black Friday as customers flock to its stores looking for value on everyday essentials and groceries between Thursday, 23 November and Sunday, 26 November 2023. 

Supermarket chain set to appeal judgment in ‘si...

By: Chevon Booysen - IOL Retail giant Pick n Pay has indicated its intention to appeal a Western Cape High Court judgment to damage all print works, all printed materials, product packaging, and the like bearing the infringing get-ups similar to ...

Woolies pulls Israeli couscous after 'credible'...

By: Ahmed Areff – Fin24 Woolworths has pulled Israeli-imported pearl couscous from its shelves, but has emphasised that the move was preemptive due to threats it received and not because it supported a boycott of the country’s products or was pro...