A cool move from South Africa to Namibia
In South Africa, Deep Catch Namibia Holdings (Deep Catch) is changing hands. An affiliate of Imperial Logistics, Imperial Capital, is investing approx. ZAR 633 million (USD 45 million) in the acquisition of the cool chain company.
Headquartered in Namibia with subsidiaries also in South Africa, Zimbabwe and Zambia, Deep Catch is a conglomerate of four units specialising in the distribution and cold storage of perishable foods (mainly poultry, fish and dairy products) in Namibia and the Southern African Development Community (SADC) region.
Founded in 2007 and transformed into a holding in 2015, Deep Catch is being sold by an investment consortium led by Salt Capital which includes the German development finance institution (DEG) and management shareholders. The company employs about 480 people.
The takeover is still subject to regulatory approval. “Through the cold chain capability acquired with Deep Catch, Imperial will be positioned to enter and build its cold chain capability and product category expansion in its existing markets of operation in Sub-Saharan Africa, mainly South Africa, Mozambique, Ghana and Nigeria,” Imperial’s Group CEO,Mohammed Akoojee explained. (cd)