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Our first acquisition
was Chipkins Catering
Supplies, followed shortly thereafter
by
Seaworld. The start
of Bidfood |
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| Acquisition
of Afcom |
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Bid Corporation
becomes
the pyramid holding company
of Bidvest |
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Acquisition of Steiner
Services: beginning
of the hygiene services business |
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Crown Food Holdings
acquired
and merged with National Spice
to form Crown National |
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Safcor
Freight acquired:
the start of Bidfreight |
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Prestige
Cleaning Services
acquired and grouped with
Steiner to form Bidserv |
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Rights offer raises
R300 million,
10-for-1 share sub-division |
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First steps to international
expansion taken:
50,1% of Australian Stock Exchange- listed
Manettas acquired and renamed
Bidvest Australia |
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Empowerment programmes
begin
with Women Investment Portfolio
Holdings and Worldwide
African
Investment Holdings each acquiring
5% of Bid Corporation |
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Waltons
Group acquired
Bid
Corporation unbundled
and Bidvest incorporated
into
the JSE industrial index |
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Bidvest plc,
incorporating
Bidvest Australia, was created
with dual listings in Australia
and Luxembourg
Acquisition of Lithotech |
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Booker
Foodservice,
renamed 3663 First for
Foodservice,
acquired by Bidvest plc
Acquisition of Rennies Group |
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Acquisition of
Island View Storage
Banking licence granted
to Rennies Bank
77% of I-Fusion acquired
Bidvest plc enters
the New Zealand
foodservice market with the acquisition
of Crean Foodservice |
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John
Lewis Foodservice acquired
and incorporated into Bidvest
Australia,
creating the leading foodservice distributor
in Australia
The Group wide-area-network, Bidnet,
developed by I-Fusion
mymarket.com,
Bidvest’s e-commerce
initiative, launched
Acquisition of shares in EnviroServ |
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Acquisition of 56,7%
of LSE-listed
Jacobs Holdings plc, renamed
Bidcorp plc, to form the base for
the international expansion of
Bidfreight
Paragon
acquired and merged
with Lithotech
The minority shareholding in
I-Fusion
acquired
Remaining 68% of Voltex
acquired,
to form the core of Industrial and
Commercial Products |
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Danel,
the largest business forms
manufacturing and distribution operation
in France, acquired and renamed
Lithotech France
The Bidvest Academy
and
development programme, launched
Ground-breaking black economic
empowerment initiative with Dinatla
Investment Holdings announced
Small strategic foodservice acquisitions
in the United Kingdom, Australian
and
New Zealand markets |
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R2,1
billion BEE transaction
for 15% of Bidvest
with
Dinatla finalised
Acquisition of minority interests
of Bidvest plc |
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McCarthy,
South Africa’s
second largest motor retailer,
acquired for R980 million |
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Cyril Ramaphosa
takes
the reins as chairman
Acquisition of minority
interest in Bidcorp plc
Acquisition of 20% of
Tiger Wheels |
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