Kimberely, South Africa
02 February 2016
BEEFMASTER HOLDINGS WELCOMES NEW MINORITY SHAREHOLDER
Beefmaster Holdings, one of the biggest vertically integrated beef producers and distributors in Southern Africa, is delighted to welcome a new minority shareholder - One Thousand & One Voices™ (1K1V™), a US-based private family capital fund.
According to Beefmaster CEO, Louw van Reenen, the company had been exploring various investments options in order to deepen and expand their operations. “It was critical to find the right partner that would fit in with the ethos of a family-run company like ours. With its primary focus on investing in family-led businesses in Sub-Saharan Africa, 1K1V is the perfect fit for us as a proudly South African family enterprise.”
The investment deal with 1K1V was finalised in December 2015. The van Reenen family retains the majority shareholding in Beefmaster Holdings.
Beefmaster is based in the North West Province and its operations include a leading abattoir, feedlots, logistics operations and multiple Beefmaster-branded retail outlets.
“This investment will allow us to grow and create a significant number of direct jobs and indirect opportunities in a region with very low employment. Ultimately it will also allow us pursue our vision of expanding and diversifying our beef operations into export markets.” says van Reenen.
According to the United Nations Food and Agriculture Organisation, global food production will need to increase by 70% before 2050 in order to meet increasing demand. The South African Bureau for Food and Agricultural Policy projects beef prices will increase at an annual nominal growth rate of 6% through 2022. These factors, coupled with the growth in global population and growing affluence among emerging market consumers, are leading to a greater preference for proteins and an increased demand for beef. In addition to benefiting from these favourable trends, Beefmaster also has multiple local and international competitive advantages including its location in the heart of South Africa’s cattle country and access to a regular water supply from the Vaal River, a low cost production and distribution base (compared to global competitors), high food safety/security accreditations and a history of successful global exports.
“We see this investment as the next step in our journey of building a world-class family-owned agricultural enterprise with significant footprint in Africa,” says van Reenen.
For further enquiries:
About One Thousand & One VoicesTM
One Thousand & One Voices™ invests the Intellectual Capital, Relational Capital and Financial Capital—or Three-Dimensional Capital™—of industry-leading family offices. 1K1VTM primarily focuses on the agribusiness, consumer/retail, logistics/distribution and manufacturing industries in Sub-Saharan Africa. For more information, please visit www.1K1V.com.
Beefmaster Holdings Limited is a privately owned vertically integrated processor of beef related products located in the Northern Cape Province in South Africa. For more information, please visit www.Beefmaster.co.za.
Bringing South Africa’s Finest Beef to Tables Across the Country Takes Enormous Dedication And Effort... Here’s How We Do It:
Most people never consider, as they bite into a thick, juicy, tender beef steak, exactly what it takes to get it to the table. More than just the final preparation by a passionate chef, bringing South Africa’s finest beef to tables across the length and breadth of this beautiful country requires the dedication, expertise and effort of a vast number of people, using state-of-the-art equipment and based at facilities operating under the strictest quality-control standards.