According to the press communiqué of Bidvest the company has acquired 100 percent share capital of seafood Holdings Ltd. for an enterprise value of GBP 45 million (approximately R473 million). Seafood was started by entrepreneur and CEO, Toby Baxendale, who has grown the business into a leading national fresh fish producer and distributor to the catering and hospitality industry in the United Kingdom.
Bidvest is confident the business with its strong and entrepreneurial management team and dedicated employees has the potential to contribute meaningfully to Group performance over time. Bidvest is a diversified industrial company, listed on the Johannesburg Stock Exchange South Africa, and is one of the largest global foodservice distribution companies.
