RealJuiceCo

Clover SA to acquire Real Juice Co from AVI

Clover SA recently announced that it has entered into an agreement with AVI to acquire 100% of the equity in The Real Juice Co for R60-million.

RJC is a leading producer of fresh fruit juices, nectars and concentrates sold under the Quali and Real Juice brands in the Eastern, Western and Northern Cape. Its manufacturing facility is in Stikland in Cape Town.

Johann Vorster, Clover’s chief executive, commented: “This acquisition is in line with our strategy to take advantage of our low gearing and strong cash generation to expand Clover’s portfolio of value-added and branded beverages products. RJC enjoys strong brand recognition in the Cape region, and we believe that efficiencies can be unlocked through Clover’s extensive sales and distribution network.”

The transaction is subject to the approval of the South African competition authorities.