Bidcorp Food Africa, a subsidiary of JSE-listed Bid Corporation (Bidcorp), has signed agreements with Brazilian ingredient distributor Puratos Group, which will become an equal shareholder in Bidcorp Food’s Bakery Solutions Division (BBS). BBS manufactures and supplies bakery ingredients to industrial bakers, the craft market and large retailers under the Chipkins and NCP brands in South Africa. “The proposed transaction provides BBS with an opportunity to grow its existing business and to develop new products and tailor-made solutions for the South African baking industry,” Bidcorp CEO Bernard Benson said in a statement on Wednesday. He added that the acquisition would help BBS further develop the booming African market. Puratos CEO Daniel Malcorps added that the Brazilian group was aiming to expand further in Africa.
Source: www.engineeringnews.co.za
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