South Africa’s Sovereign Food Investments is to acquire the Tydstroom Abattoir from local company Quantum Foods.
Sovereign will be acquiring the fixed assets and property associated with the abattoir but not any working capital, liabilities, brands or other intangible assets, it said. The deal is worth ZAR120,000 (US$10,000).
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As part of the agreement Sovereign will sign a long-term broiler supply agreement with Quantum for the supply of broiler birds to the abattoir.
The abattoir supplies fresh and frozen poultry products to the retail and foodservice sector under brands including Tydstroom brand.
