{"id":840102,"date":"2025-10-16T09:00:00","date_gmt":"2025-10-16T07:00:00","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=840102"},"modified":"2025-10-16T11:46:25","modified_gmt":"2025-10-16T09:46:25","slug":"new-era-for-200-year-old-company-in-south-africa","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/840102\/new-era-for-200-year-old-company-in-south-africa\/","title":{"rendered":"New era for 200-year-old company in South Africa"},"content":{"rendered":"\n

Premier is looking to acquire its fellow food producer, RFG Holdings, to create a consumer goods giant in the industry.\u00a0<\/p>\n\n\n\n

Premier is a consumer-packaged goods company founded in 1824, which owns several popular South African brands, including Blue Ribbon, BB Bread, Snowflake, Iwisa, Super Sun, Nyala, Manhattan’s, Lil-Lets and Dove.<\/p>\n\n\n\n

RFG is also a food producer specialising in food, dairy, juices and canned goods, with its brands including Rhodes, Bull Brand, and Pakco.<\/p>\n\n\n\n

Premier is now making an offer to acquire all of the ordinary shares of RFG, excluding treasury shares, in exchange for Premier\u2019s own ordinary shares. <\/p>\n\n\n\n

Premier said that the transaction represents an opportunity for shareholders of both companies to participate in the future growth of the combined group. <\/p>\n\n\n\n

The combined group would have a combined annual revenue of around R28 billion and profit after tax of roughly R1.7 billion, which Premier argued would significantly increase the scale of its operations.<\/p>\n\n\n\n

“As a leading producer of convenience meal solutions with strong market positions across key fresh and long-life categories, RFG represents a complementary addition to the Premier portfolio,\u201d said Premier. <\/p>\n\n\n\n

\u201cIts diversified and well-balanced offerings align strategically with Premier’s existing product base and broaden Premier’s category reach and market presence.\u201d <\/p>\n\n\n\n

\u201cFurthermore, while the two businesses share common customers and sales channels, there is no overlap of operations between RFG and Premier regarding the products they produce and the categories they currently operate in.<\/p>\n\n\n\n

The current senior RFG management team will remain in their positions to continue running RFG operations as part of Premier. <\/p>\n\n\n\n

This is expected to result in the continuity of RFG\u2019s operations and customer service with Premier, while creating significant efficiencies over the medium term.<\/p>\n\n\n\n

How the deal will work <\/h2>\n\n\n
\n
\"\"<\/a><\/figure><\/div>\n\n\n

For RFG shareholders, the Scheme Consideration represents a premium per RFG share of: <\/p>\n\n\n\n

    \n
  • 35.6% based on the closing prices of a Premier Share and an RFG Share on 14 October 2025 of R153.28 and R16.15, respectively;<\/li>\n<\/ul>\n\n\n\n
      \n
    • 37.5% based on the 30-day volume-weighted average price (‘VWAP’) of a Premier Share and an RFG Share to 14 October 2025 of R148.45 and R15.42, respectively, and<\/li>\n<\/ul>\n\n\n\n
        \n
      • 7.2% based on the VWAP of a Premier Share and an RFG Share since 16 September 2025, of R153.50 and R15.98, respectively, being the date that both companies released trading updates.<\/li>\n<\/ul>\n\n\n\n

        Premier added that the acquisition of RFG and the issue of new Premier shares will add to the company\u2019s free float on the JSE, further boosting liquidity in its shares. <\/p>\n","protected":false},"excerpt":{"rendered":"

        Premier Foods is planning to acquire fellow food producer, RFG Holdings, in a share-swap deal. <\/p>\n","protected":false},"author":95,"featured_media":840103,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872],"tags":[23825,23826],"class_list":["post-840102","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-premier","tag-rfg"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/840102","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/95"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=840102"}],"version-history":[{"count":3,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/840102\/revisions"}],"predecessor-version":[{"id":840147,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/840102\/revisions\/840147"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/840103"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=840102"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=840102"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=840102"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}