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In March 2010, Foodcorp underwent a shareholder restructuring that simplified ownership and solidified its position in this highly competitive industry. Following the transaction, management and staff hold a 51% stake in the business, while BlueBay Asset Management, a UK based fund manager and Capitau SA Partnership, a South African private equity investor hold 44.44% and 4.56% respectively. The Foodcorp family believes in sowing back into their workforce. Over 3000 employees own 23% of the business through the Share Trust, and 86% of these benefits go to previously disadvantaged persons.
Foodcorp is made up of two distinct divisions: Consumer Brands and Ready To Eat, each focusing on specific needs within the consumer market. Foodcorp is a major supplier to the large food retailers including Shoprite-Checkers, Spar, Pick n Pay and Woolworths and the leading wholesalers including Massmart and Metcash.
Foodcorp is a world class food producer and manufacturer having achieved certifications including ISO 22 000 at key facilities. Foodcorp is now increasing its focus as a brand-centric company; a strategy which is expected to result in improved margins and valuation over time as we build our well-loved brands, sensitive to our consumer needs.
As a leading market player, Foodcorp believes in nurturing innovation while nourishing a nation. As such, the company launched the 7th Floor in Cape Town – a state-of-the-art innovation centre with the sole aim of turning brilliant ideas for food products into a reality.
Internationally, the business is well-positioned to leverage its scale to enhance South Africa’s exports significantly to the rest of Africa and Asia where its products are already in high demand. |
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