South Africa: Woodlands Dairy announces proposed acquisition of Ladismith Cheese
Woodlands Dairy has announced the acquisition of 100% of Ladismith Cheese Company from Sea Harvest Group.
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South Africa’s Woodlands Dairy has announced the acquisition of 100% of Ladismith Cheese Company – together with its subsidiaries, Ladismith Powder Company and Mooivallei Suiwel – from Sea Harvest Group.
Woodlands Dairy Group specialises in UHT milk, yoghurt, cheese, custard, flavoured milk, and a diverse range of other dairy products.
“This transaction aligns perfectly with our vision to deliver high-quality, sustainable dairy products to a growing market,” said Woodlands Dairy CEO Helen McDougall. “By integrating Ladismith’s established regional presence and expertise with our extensive network, we are well positioned to provide customers with an enhanced and more specialised product portfolio.”
Established in June 1999, Ladismith Cheese Company has built a strong reputation for its high-quality cheese, butter, and milk powder. The incorporation of the Ladismith Cheese Company group will enable Woodlands Dairy to broaden its product range, expand its customer and channel base, leverage synergies throughout the organisation, and drive operational efficiencies across the group.
The completion of this transaction remains subject to certain conditions and regulatory approvals. Ladismith Cheese Company will continue to operate under its existing brand.
Sea Harvest Group CEO, Felix Ratheb, said, “In line with the strategic objectives presented to shareholders in early 2025, Sea Harvest intends de-leveraging its balance sheet through the disposal of non-fishing assets, and re-focusing on its seafood businesses. We will utilise the proceeds from the disposal to repay a portion of the long-term debt in our South African operation.”
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