Sea Harvest acquires Ladismith Cheese for R527m

World News: . []

JSE-listed fishing and food business Sea Harvest’s Cape Harvest Food Group subsidiary has concluded a share purchase agreement to acquire dairy processing company Ladismith Cheese for R527-million. The transaction represents the acquisition of a profitable branded fast-moving consumer goods food manufacturer of significant scale in the agricultural sector with a long record, strong national brand and proven management team, Sea Harvest said of the rationale for the acquisition.

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