M&A Roundup: Food & beverage companies make headlines this week

Sea Harvest Group and Coca-Cola Beverages Africa expand while Clover gets bought out.

Clover Industries received a R4.8 billion buyout offer from a Milco, a consortium of companies made up of Israel-based Central Bottling Company, Brimstone Investment Corporation and the executive management of Clover. Its shareholders were offered R25 per share, which represents a 25 percent premium on Clover’s closing price of R20 on Friday last week. 

The Clover shares rose as much as 21 percent to a record R24.22 on Monday morning.

Read more: Clover receives R48 billion buyout offer from consortium of coompanies.

French telecommunications company Orange plans to acquire 100 percent of UK-based cyber security service provider, Secure Data Group - including its South African operations - for an undisclosed amount. This will strengthen its service offering in the rest of Africa. 

Read more: Orange buys UK-based cyber security service provider Secure-Date

South Africa's Sea Harvest Group has made an all-cash offer to buy the 43 percent stake in Mareterram that it doesn't already own, the company announced on Tuesday. Sea Harvest said the deal is in line with its strategy of investing in well managed, sustainable, vertically integrated fishing and agri-business around the world.

Read more: South Africa's Sea Harvest makes offer to buy all Australia's Mareterram

Muhammad Brey (pictured), Sea Harvest’s chief investment officer, spoke to Mergers and Acquisitions (M&A) Africa about the Mareterram deal.

“Most importantly, the deal allows us to fully extract operational synergies between Sea Harvest and Mareterram. Mareterram’s strategy is quite complementary to ours and it is a well-managed and vertically integrated company. For example, Mareterram sells some of our products to the Australian market.”

Read more: Deal interview: Sea Harvest's Muhammed Brey

Coca-Cola Beverages Africa(CCBA), Africa’s largest Coca-Cola bottler, has announced that it has received regulatory approval to acquire Fairy Bottling, a Zambia-based beverages company. The deal was effective as of 4 February. 

Under the deal, CCBA has acquired Fairy Bottling’s production facility in Lusaka and the sales and distribution infrastructure. This is set to make CCBA a more cost-effective beverage producer and distributor in Zambia.

Read more: Coca-Cola Beverages Africa gets approval to acquire Fairy Bottling Zambia