Zico Buys Stake in Seeman’s21 October 2013
SOUTH AFRICA - Investment group, Zungu Investments Company (Zico), has bought a 30 per cent stake in Gauteng meat processor, Seeman’s.
Zico said the acquisition for an undisclosed sum will give Seeman’s working capital and also a partner, according to Business Day.
This is Zico’s second venture into the food industry having already invested in Nigerian company Vital Products a manufacturer of fruit and non-alcoholic drinks.
Seemann’s operations consist of quality meat products and import delicacies, particularly from Germany. The company produces a variety of processed meat products which are sold under the Seemann’s brand and under the own-label brands of various national retailers.
TheMeatSite News Desk